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Published on 8/9/2013 in the Prospect News Investment Grade Daily.

Fitch gives Goldman Sachs A

Fitch Ratings said it has assigned issuer default ratings of A/F1 to Goldman Sachs AG, a wholly owned subsidiary of the Goldman Sachs Group, Inc.

The outlook is stable.

The issuer default ratings of Goldman Sachs AG are equalized with Goldman's issuer default ratings, reflecting Fitch's view that GSAG is core and integral to Goldman's business strategy and operations.

The issuer maintains strong liquidity and capitalization which are augmented by the capacity to tap liquidity and additional capital from Goldman, the agency stated.


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