New Rating Agency Gives Fannie, Freddie Low Grades for Their Corporate Governance
December 6, 2002
Although Fannie Mae and Freddie Mac have claimed to have best-in-class corporate disclosures, a new rating agency has given both government-sponsored enterprises less than stellar grades in terms of their corporate governance. GovernanceMetrics International, a firm that bills itself as an independent corporate governance ratings agency, announced this week that it has rated all public-traded companies on the S&P 500 list. GMI rates