|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Goldman Sachs Group Inc. Ratings Currently Unaffected By SEC's Fraud Allegations
Standard & Poors, April 2010
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.
Abstract
NEW YORK (Standard & Poor's) April 19, 2010--Standard & Poor's Ratings Services said today that it has not, at this point, changed its view regarding the creditworthiness of Goldman Sachs & Co., the principal U.S. broker/dealer of Goldman Sachs Group Inc. (GS; A/Negative/A-1), as a result of the securities fraud complaint filed on April 16, 2010, against the company. In the SEC's civil complaint, it alleged that in structuring and marketing a synthetic ABS CDO in 2007, Goldman Sachs & Co. failed to disclose the role that a hedge fund played in the portfolio selection process and the nature of the hedge fund's investment position with respect to the CDO. We believe that it would be premature at this point...
Companies mentioned in this report are: Goldman Sachs Group Inc. (The)
Action: Bulletin
|
|
|
|
