Goldman Sachs Long-Term S&POutlook Revised To Stable Oct 95
Standard & Poors, October 1995
Abstract
NY -- Standard & Poor's CreditWire 10/30/95 -- Standard & Poor's revises its long-term outlook of Goldman Sachs Group L.P. to stable from negative and affirms its single-`A'-plus long-term, single-`A'-minus preferred stock, and `A-1'-plus commercial paper ratings of Goldman. The firm's performance improved substantially in the past three quarters aided by higher trading volumes in the fixed-income markets as well as continued strong equity underwriting and mergers and acquisitions activity. Without a significant impact on the firm's franchise, Goldman Sachs successfully completed personnel and other expense reductions and maneuvered through a period of increased partner retirements, Standard & Poor's said. -- CreditWire...
Companies mentioned in this report are:
- The Goldman Sachs Group Inc.
Action: New Rating
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.
- The Goldman Sachs Group Inc.
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