Fitch Rates Fannie Mae’s Connecticut Ave Securities, Series 2016-C07; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned ratings to Fannie Mae’s risk transfer transaction, Connecticut Avenue Securities, series 2016-C07 (CAS 2016-C07), as follows: –$192,504,000 class 2M-1 notes ‘BBB-sf’; Outlook Stable; –$139,031,000 class 2M-2A notes ‘BB+sf’; Outlook Stable; –$310,146,000 class 2M-2B notes ‘Bsf’; Outlook Stable; –$449,177,000 class 2M-2 exchangeable notes ‘Bsf’; Outlook Stable; –$139,031,000 class 2M-2I exchangeable notional notes ‘BB+sf’; Outlook Stable;