New York, October 28, 2016 -- Moody's Investors Service has assigned definitive ratings to two classes of notes on CAS 2014-C04, a securitization designed to provide credit protection to the Federal National Mortgage Association (Fannie Mae) against the performance of two reference pools of mortgages totaling approximately $40 billion. 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 (Aaa Stable).
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