Report title: Research Update: Goldman Sachs Group Inc. Counterparty Credit Ratings Affirmed At 'A/A-1'; Stock Issue Announced
from S&P Credit Research
1029 word report published Apr 14, 2009

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Abstract: On April 14, 2009, Standard&Poor's Ratings Services 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. With adjusted pretax earnings totaling $2.8 billion, GS' first-quarter results represent an impressive turnaround from fourth-quarter 2008, ended Nov. 28, and the month of December (reported separately due

Brief Excerpt: RESEARCH Ratings Definitions Research Update: Goldman Sachs Group Inc. Counterparty Credit Ratings Affirmed At 'A/A-1'; Stock Issue Announced Publication date: 14-Apr-2009 Primary Credit Analyst: Scott Sprinzen, New York (1) 212-438-7812;...

Report Type: Research Update
Ticker: GS
Issuer: Goldman Sachs Group Inc. (The)
GICS: Investment Banking & Brokerage (40203020)
Sector: Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Corporations, Financial Institutions, Global Issuers, Insurance, Public Finance, Real Estate Companies, Residential MBS, Structured Finance, Utilities
Country: United States
Region: United States
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