| Abstract: | On Dec. 19, 2008, Standard&Poor's Ratings Services lowered its long- and short-term counterparty credit ratings on The Goldman Sachs Group Inc. (GS) to 'A/A-1' from 'AA-/A-1+'. The ratings on GS's hybrid capital issues were lowered to 'BBB' from 'A'. The outlook is negative. The ratings on GS and related entities reflect a combination of extraordinary external support from the U.S. government for highly systemically important financial institutions and the company's own credit characteristics. Specifically, the long-term counterparty credit rating reflects a two-notch uplift from GS's stand-alone credit profile, taking account of GS's high systemic importance and the likelihood that additional support would be extended if, contrary to our current expectations, this were needed. The support for hybrid capital
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: The Goldman Sachs Group Inc. Rating Lowered To 'A/A-1'; Outlook Negative Publication date: 19-Dec-2008 Primary Credit Analyst: Scott Sprinzen, New York (1) 212-438-7812; scott_sprinzen@standardandpoors.com...
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| Report Type: | Research Update
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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 Securities, Collateralized Debt Obligations, Commercial MBS, Corporations, Financial Institutions, Global Issuers, Insurance, Public Finance, Real Estate Companies, Residential MBS, Structured Finance, Utilities
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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