| Abstract: | 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 Standard&Poor's Ratings Services' current expectations, this were needed. The ratings were lowered on Dec. 19, 2008, in conjunction with our portfolio review of major financial institutions (see "Twelve Major U.S. And European Financial Institutions Have Ratings Lowered, Outlooks Revised," published Dec. 19, 2008, on RatingsDirect). The rating actions reflected our more negative view of
|
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: The Goldman Sachs Group Inc. Publication date: 08-Jan-2009 Primary Credit Analyst: Scott Sprinzen, New York (1) 212-438-7812; scott_sprinzen@standardandpoors.com Secondary Credit Analyst: Tanya...
|
| Report Type: | Summary
|
| Ticker: | GS
|
| Issuer: | Goldman Sachs Group Inc. (The)
|
| GICS: | Investment Banking & Brokerage (40203020)
|
| Sector: | Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Financial Institutions, Global Issuers, Insurance, Public Finance, Residential MBS, Structured Finance
|
| Country: | United States
|
| Region: | United States
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
