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S&P Credit Research1175 word report
published Dec 19, 2008
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Dec. 19, 2008--Standard&Poor's Ratings Services said today that it 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," said Standard&Poor's credit analyst Scott Sprinzen. 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
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| Brief Excerpt: | RESEARCH Ratings Definitions 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: | 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 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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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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