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.
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