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)
KANEOHE, Hawaii (Reuters) - President Barack Obama Tuesday blamed a combination of "human and systemic failures" for allowing the botched Christmas Day attack aboard a Detroit-bound U.S. airliner, in his first big test on homeland security. | Video
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