| Abstract: | NEW YORK (Standard&Poor's) April 14, 2009--Standard&Poor's Ratings Services said today that it affirmed its ratings, including the 'A/A-1' counterparty credit ratings, on The Goldman Sachs Group Inc. (GS). The outlook remains negative. The affirmation followed the company's announcement of strong overall results for the first quarter, ended March 27, 2009, and its commencement of a $5 billion common stock issue. Proceeds of the stock issue are to partially fund the redemption of the company's $10 billion of preferred stock under the U.S. Treasury's Troubled Asset Relief Program (TARP), if GS receives the requisite regulatory approvals. GS reported adjusted pretax earnings totaling $2.8 billion for the quarter. "These results represent an impressive turnaround from the fourth quarter
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| Brief Excerpt: | RESEARCH Ratings Definitions Goldman Sachs Group Inc. 'A/A-1' Counterparty Credit Ratings Affirmed; Stock Issue Announced Publication date: 14-Apr-2009 Primary Credit Analyst: Scott Sprinzen, New York (1) 212-438-7812; scott_sprinzen@standardandpoors.co...
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| Report Type: | Ratings Action
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| Ticker: | GS
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| Issuer: | Goldman Sachs Group Inc. (The)
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| GICS: | Investment Banking & Brokerage (40203020)
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Financial Institutions, Global Issuers, Insurance, Public Finance, Residential MBS, Structured Finance
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| Country: | United States
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| Region: | United States
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