S&P Corrects Rating On William Street Commitment Corp. By Lowering It To 'A' Mar 11
Standard & Poors, March 2011
Abstract
NEW YORK (Standard & Poor's) March 21, 2011--Standard & Poor's Ratings Services said today that it has corrected its counterparty credit rating on William Street Commitment Corp. (WSCC) by lowering it, based on guaranteed support by The Goldman Sachs Group Inc. (GS). We lowered the rating to 'A/Negative/A-1' from 'A+/Stable/A-1'. The rating on WSCC is based on support from GS. We upgraded GS to 'AA-' from 'A+' on Oct. 27, 2006, and subsequently downgraded it to 'A' on Dec. 19, 2008. Due to an administrative error, we did not contemporaneously raise or lower the rating on WSCC. RATINGS LIST Rating Lowered To From William Street Commitment Corp. Counterparty Credit Rating A/Negative/A-1 A+/Stable/A-1...
Companies mentioned in this report are:
- William Street Commitment Corporation
- The Goldman Sachs Group Inc.
Action: Downgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- William Street Commitment Corporation
- The Goldman Sachs Group Inc.
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