Goldman Sachs Downgraded by S&P: Bloomberg
By Eleazar David Meléndez | December 23, 2011 7:23 AM EST
[Editor's Note: Crucial facts in this story, sourced to an external media source, has since been denied by a Standard and Poor's spokeperson.]
It would be the second time the bank is downgraded by S&P in less than a month.
On Nov. 29, the corporate credit risk assigned to the bank was taken down one notch by the ratings issuer, as part of a wider downgrade of the global banking industry resulting from a change in rating methodology.
Shares of Goldman Sachs, which were trading at just over $94 before the news broke, have been highly volatile in the past few minutes, and are currently trading at $93.43, up 1.55 percent for the day.
To contact the editor, e-mail:
Most Popular Slideshows
- Malaysia Airlines Flight MH17: King Williem-Alexander, Queen Maxima Hold Solemn Reception Ceremony for Victims
- Jennifer Lawrence & Nicholas Hoult Allegedly Split: Mad Max Actor Cheats with Kristen Stewart & Riley Keough - Reports
- Taylor Swift Named Forbes' Second Highest Paid Country Musician [PHOTOS]
- Typhoon Matmo Leaves 32k Customers w/o Electricity in Taiwan, Weakens After Landing in China
Join the Conversation
- Apple iPhone 6 on Two Confirmed Release Dates, New Parts Leaked Suggesting Bigger iPhone to Come
- Google Nexus 6, 8 with Android L on Release Date Promises Killer Mobile Device Experience
- iPhone 6 Release Date Relevance to iOS Newbies: Specs Meaning, Price Considerations
- Xiaomi Mi4 vs OnePlusOne vs Nexus 5: Mi4 is the ‘Perfect’ Phone
- Israeli Women Stripping Naked for IDF Soldiers
- HTC One M8 Android 4.4.3 KitKat Update Roll Out, Introducing the HTC One Remix
- The Pirate Bay Releases ‘The Mobile Bay’: Mobile Torrent Download Made Easier but Remains Illegal