S&P Global Ratings Upgrades CFC to ‘A’; Outlook Stable
CFC says strong credit ratings support dependable capital access and cost-effective financing for its members.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
National Rural Utilities Cooperative Finance Corporation (NRUC) received an upgraded long-term issuer credit rating of A from S&P Global Ratings. The rating rose from A-, with a Stable Outlook. S&P also raised CFC’s senior secured and senior unsecured debt ratings to A from A-, and its subordinated debt rating to BBB+ from BBB.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointLong-term issuer credit rating upgraded to A from A-, with a Stable Outlook.
- Minor pointSenior secured and senior unsecured debt ratings upgraded to A from A-.
- Minor pointSubordinated debt rating upgraded to BBB+ from BBB.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DULLES, Va., Oct. 23, 2026 (GLOBE NEWSWIRE) -- National Rural Utilities Cooperative Finance Corporation (CFC) has announced that S&P Global Ratings (S&P) has upgraded its long-term issuer credit rating to “A” from “A-” with a Stable Outlook.
S&P also upgraded CFC’s senior secured and senior unsecured debt ratings to “A” from “A-” and its subordinated debt rating to “BBB+” from “BBB.”
In announcing the upgrade, S&P cited CFC’s consistently strong credit performance, exceptional asset quality and prudent risk-management practices, including its low-risk loan portfolio and minimal credit losses.
“We are extremely pleased with S&P’s decision to upgrade our credit rating. This recognition reflects the strength of the cooperative business model, our disciplined approach to risk management and the exceptional credit performance of our member-owned electric cooperatives,” CFC Chief Executive Officer Andrew Don said. “The upgrade reinforces CFC’s financial strength. Strong credit ratings give us dependable access to capital in all market conditions and at attractive pricing. We pass that value on to our members as reliable, cost-effective financing.”
About CFC
Created and owned by America’s electric cooperative network, the National Rural Utilities Cooperative Finance Corporation (CFC)—a nonprofit finance cooperative with approximately
| Contact: | Heesun Choi | Brad Captain |
| Capital Markets Relations | Corporate Relations | |
| investorrelations@nrucfc.coop | publicrelations@nrucfc.coop | |
| 800-424-2954, Option 6 | 800-424-2954, Option 5 |
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are CFC’s ratings after the S&P upgrade?
CFC’s long-term issuer credit rating is A with a Stable Outlook, up from A-. Its senior secured and senior unsecured debt ratings also rose to A from A-, while its subordinated debt rating increased to BBB+ from BBB.
Why did S&P upgrade CFC’s credit ratings?
S&P cited CFC’s credit performance, asset quality and risk-management practices as reasons for the upgrade. Its assessment included CFC’s low-risk loan portfolio and minimal credit losses.