OREANDA-NEWS. Fitch Ratings has affirmed at 'AAAsf' 25 U.S. CLN classes across 18 transactions with credit ratings linked to the U.S. sovereign rating. The Rating Outlook is Stable.

KEY RATING DRIVERS
The rating actions are part of an annual review of 18 U.S. sovereign linked transactions. The United States of America's Issuer Default Rating (IDR) is currently 'AAA' with a Stable Outlook (affirmed April 13, 2015 by Fitch). The categories of debt affected include:

--Debt backed by bonds issued or guaranteed by a government-sponsored entity (GSE);
--Debt obligations whose payments are guaranteed by the NCUA, whose obligations are backed by the full faith and credit of the United States as an agency of the executive branch of the U.S. government.

RATING SENSITIVITIES
Any rating action on the U.S. sovereign IDR would be applied to each transaction affected by today's rating action.

DUE DILIGENCE USAGE
No third party due diligence was provided or reviewed in relation to this rating action.