The Goldman Sachs Group Inc. Rating Affirmed At 'AA-/A-1+'; Outlook Stable Aug 07
- ID: 1783451
- August 2007
- Standard & Poors
NEW YORK (Standard & Poor's) Aug. 13, 2007--Standard & Poor's Ratings Services' said today that it affirmed its 'AA-/A-1+' counterparty credit rating on The Goldman Sachs Group Inc. (Goldman) following the company's announcement that it, along with other parties, will make an equity investment of $3 billion into Global Equity Opportunities fund (GEO). The outlook is stable. GEO is a long/short quantitative strategy fund that is part of the alternative asset platform of Goldman Sachs Asset Management (GSAM). Goldman has disclosed that the fund has been particularly affected by recent market turmoil, with its net asset value being off about 30% last week. Goldman has stated that it views the fund as representing a good investment at this time, given...
Companies mentioned in this report are:
- The Goldman Sachs Group Inc.
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