New York, October 28, 2016 -- Moody's Investors Service has upgraded the ratings of 2 tranches from Connecticut Avenue Securities, Series 2014-C04, a securitization designed to provide credit protection to Fannie Mae against the performance of approximately $40 billion reference pool of prime first-lien conforming mortgages. All of the Notes in the transaction are direct, unsecured obligations of Fannie Mae and as such investors are exposed to the credit risk of Fannie Mae (currently Aaa Stable).
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