• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Research Update: The Goldman Sachs Group Inc. Rating Lowered To 'A/A-1'; Outlook Negative Dec 08 Product Image

Research Update: The Goldman Sachs Group Inc. Rating Lowered To 'A/A-1'; Outlook Negative Dec 08

  • ID: 1783538
  • December 2008
  • Standard & Poors

FEATURED COMPANIES

  • Goldman Sachs & Co.
  • Goldman Sachs Capital I
  • Goldman Sachs Capital II
  • Goldman Sachs Capital III
  • SLK Capital Corp.
  • MORE

Abstract
On Dec. 19, 2008, Standard & Poor's Ratings Services 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. 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 extended if, contrary to our current expectations, this were needed. The support for hybrid capital...

Companies mentioned in this report are:
- The Goldman Sachs Group Inc.
- Goldman Sachs & Co.
- Goldman Sachs Canada Finance Co.
- Goldman Sachs Japan Co. Ltd.
- Goldman Sachs Execution & Clearing L.P.
- SLK Capital Corp.
- Goldman Sachs Capital I
- Goldman Sachs Capital II
- Goldman Sachs Capital III

Action: Downgraded
Action: READ MORE >

Note: Product cover images may vary from those shown

- The Goldman Sachs Group Inc.
- Goldman Sachs & Co.
- Goldman Sachs Canada Finance Co.
- Goldman Sachs Japan Co. Ltd.
- Goldman Sachs Execution & Clearing L.P.
- SLK Capital Corp.
- Goldman Sachs Capital I
- Goldman Sachs Capital II
- Goldman Sachs Capital III

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS