| Abstract: | Systemic importance because of its key role in global capital markets Leading market positions in securities trading, investment banking, merchant banking, institutional asset management, and prime brokerage Within securities-related businesses, revenue streams are well diversified by business line, product, and geography Strong risk-management capabilities Highly confidence-sensitive nature of business franchise Heavy reliance on short-term/wholesale funding sources–-albeit with current significant temporary government funding support Heavy appetite for market risk in the trading portfolio Exposure to relatively illiquid investments Near-term earnings outlook constrained by extremely difficult market conditions 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
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| Brief Excerpt: | RESEARCH Ratings Definitions 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 Azarchs,...
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| Report Type: | Full Report
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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, 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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| Format: | | HTML |  |
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