Fitch: Goldman Sachs view negative

Fitch Ratings said it affirmed the A+/F1+ long- and short-term issuer default ratings for Goldman Sachs Group, Inc. and revised the outlook to negative from stable.

The affirmation reflects Goldman's de-levered balance sheet, proven earnings power and its prominence and demonstrated success in global capital markets and sales and trading, according to the agency.

Goldman continues to exhibit strong liquidity management, maintaining significant global core excess balances, the agency noted.

The outlook revision incorporates recent legal developments and ongoing regulatory challenges that could adversely impact Goldman's reputation and revenue generating capacity, Fitch said.

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