Fitch revises Goldman Sachs rating outlook to negative |
| Reuters - May 5, 2010 |
Fitch Ratings has affirmed the 'A+/F1+' long- and short-term Issuer
Default Ratings (IDRs) for The Goldman Sachs Group, Inc. (GS.N) (Goldman).
Fitch has also revised Goldman's Rating Outlook to Negative from Stable. A complete list of ratings follows this release. The rating affirmation is
indicative of Goldman's de-levered balance sheet, proven earnings power, and
its prominence and demonstrated success in global capital markets and sales &
trading. Additionally, Goldman continues to exhibit strong liquidity management,
maintaining significant global core excess balances. Since the economic crisis
began, Goldman has consistently outperformed its global banking peers; those
favorable trends have continued through first-quarter 2010 (1Q'10). The Rating
Outlook revision to Negative incorporates recent legal developments and ongoing
regulatory challenges that could adversely impact Goldman's reputation and
revenue generating capacity.
Read Full Article from Reuters
- Posted: 2010-05-05 11:44:51
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