Medium Term Notes blog update is a copy of a press release from Fitch Ratings and found on Reuters.
Fitch Ratings is one of the three nationally recognized statistical rating organizations designated by the U.S. Securities and Exchange Commission. Fitch Ratings’ long-term credit ratings are assigned on an alphabetic scale from ‘AAA’ to ‘D’.
Fitch Ratings has rated GS Finance Corp’s (GSFC) senior unsecured medium-term notes program series E ‘A’. The senior medium-term note program is fully and unconditionally guaranteed by The Goldman Sachs Group, Inc. (GS, rated ‘A/F1’/Outlook Stable by Fitch). KEY RATING DRIVERS GSFC is a wholly owned subsidiary of GS, whose senior unsecured medium-term notes benefit from a full an unconditional guarantee from GS. Therefore, the senior unsecured medium-term notes rating of GSFC’s medium-term note program is equalized with GS’ senior unsecured rating. GSFC’s senior unsecured medium-term note rating is based solely upon the guarantee of GS. RATING SENSITIVITIES GSFC’s senior unsecured medium-term notes rating is sensitive to any rating action, positive or negative, taken against GS. Given GS’ fully and unconditional guarantee, any change in its ratings will likely impact the rating of this issue. Fitch assigns the following rating: The Goldman Sachs Group, Inc.: –GS Finance Corp Senior Unsecured Medium-Term Note Program, Series E ‘A’ Contact: Primary Analyst Justin Fuller Senior Director +1-312-368-2057 Fitch Ratings, Inc. 70 W. Madison St. Chicago, IL 60602 Secondary Analyst Mohak Rao Director +1-212-908-0559 Committee Chairperson Nathan Flanders Managing Director +1-212-908-0827 Media Relations: Elizabeth Fogerty, New York, Tel: +1 (212) 908 0526, Email: elizabeth.fogerty@fitchratings.com. Additional information is available on www.fitchratings.com
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