Moody’s rates Goldman Sachs A1

Moody's Investors Service said it assigned deposit and issuer ratings of A1/Prime-1 to Goldman Sachs AG.

The agency also assigned counterparty risk ratings of Aa3/Prime-1, counterparty risk assessments of Aa3(cr)/P-1(cr), a baseline credit assessment of baa1 and an adjusted baseline credit assessment of baa1.

The outlook is negative.

The bank is a wholly owned subsidiary of Goldman Sachs Group, Inc.

The agency said the ratings are based on an analysis of the bank’s business plan, including its current and projected financial statements. The bank plans to have solvency and liquidity ratios comfortably in excess of the regulatory required minimum levels.

“GS AG is and will continue to be highly integrated – managerially, operationally and financially – with the rest of Goldman Sachs,” Moody’s said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.