Moody's cut Goldman Sachs ratings one notch to "A1"

Tue Dec 16, 2008 8:57am EST
 
[-] Text [+]

NEW YORK, Dec 16 (Reuters) - Moody's Investors Service cut Goldman Sachs' (GS.N) ratings by one notch on Tuesday due to the firm's vulnerabilities to the global credit crisis.

Moody's cut the firm's long-term debt ratings to "A1," the fifth highest rating, from "Aa3," excluding FDIC-guaranteed debt. The outlook remains negative, which means another cut is likely in 12 months to 18 months. (Reporting by Walden Siew)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better