Fitch Rates Goldman Sachs' Guaranteed Senior Secured Notes 'A+/F1+'

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Mon May 18, 2009 8:55am EDT

NEW YORK--(Business Wire)--
Fitch Ratings assigns 'A+/F1+' ratings to the issuances under the guaranteed
senior secured notes programme (Programme). Programme notes will be issued by
Goldman Sachs Bank (Europe) Plc and/or Goldman Sachs International, both wholly
owned subsidiaries of The Goldman Sachs Group, Inc. (Goldman). Noteholders are
granted a first priority interest in select assets or trading instruments. The
assigned ratings are based on the senior unsecured ratings that Fitch maintains
on Goldman, since all Programme issuances are guaranteed by Goldman for payment
and delivery. 

Fitch assigns the following ratings with a Stable Outlook: 

Goldman Sachs Bank (Europe) Plc 

--Senior secured guaranteed debt 'A+'; 

--Short-term secured guaranteed debt 'F1+'. 

Goldman Sachs International 

--Senior secured guaranteed debt 'A+'; 

--Short-term, secured guaranteed debt 'F1+'. 

Fitch's rating definitions and the terms of use of such ratings are available on
the agency's public site, www.fitchratings.com. Published ratings, criteria and
methodologies are available from this site, at all times. Fitch's code of
conduct, confidentiality, conflicts of interest, affiliate firewall, compliance
and other relevant policies and procedures are also available from the 'Code of
Conduct' section of this site. 





Fitch Ratings
Leslie Bright, +1-212-908-0622 (New York)
Eileen Fahey, +1-312-368-5468 (Chicago)
Media Relations
Brian Bertsch, +1-212-908-0549 (New York)
brian.bertsch@fitchratings.com



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