DBRS: Goldman unchanged

DBRS said the Goldman Sachs Group, Inc.'s issuer and senior debt rating of A (high) and short-term instruments rating of R-1 (middle) remain unchanged with a stable trend.

The action comes after the release of its fourth quarter of 2010 financial results, and its full-year 2010 results.

The company recently reported net earnings applicable to common shareholders of $2.2 billion for the quarter, a 28% increase from the prior quarter's net earnings of $1.7 billion, DBRS said.

For the full year, which was increasingly characterized by difficult market conditions and weak client activity as the year progressed, the company reported net earnings of $7.7 billion, down from $12.2 billion in 2009, the agency said.

DBRS said Goldman had a solid performance that demonstrated its strengths across its diverse businesses in the uncertain market environment.

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