Fitch affirms Goldman Sachs

Fitch Ratings said it affirmed all ratings of Goldman Sachs Group, Inc.

The outlook is stable.

The agency said that the long-term issuer default rating of AA- for Goldman indicates a company of very high credit quality with strong capacity for timely payment of financial commitments.

Goldman prudently manages its balance sheet which is characterized by high levels of liquidity and reasonable leverage, Fitch noted, adding that the company has maintained its lead positions in global advisory and equity underwriting and ranks among the three largest prime brokers.

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