UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
June 21, 2012
THE GOLDMAN SACHS GROUP, INC.
(Exact name of registrant as specified in its charter)
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Delaware | | No. 001-14965 | | No. 13-4019460 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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200 West Street New York, New York | | 10282 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (212) 902-1000
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Credit Ratings: As part of its review of ratings of a number of global financial institutions, on June 21, 2012, Moody’s Investors Service (Moody’s) downgraded the credit ratings for The Goldman Sachs Group, Inc. (Group Inc.), Goldman Sachs Bank USA (GS Bank USA) and a number of other global financial institutions. Moody’s current unsecured credit ratings for Group Inc., GS Bank USA and Goldman, Sachs & Co. (GS&Co.) as of June 21, 2012 are provided below:
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| | Short-Term Debt | | Long-Term Debt1 | | Subordinated Debt | | Rating Outlook | | Trust Preferred2 | | Preferred Stock3 | | Rating Outlook |
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Group Inc. | | P-2 | | A3 | | Baa1 | | Negative | | Baa3 | | Ba2 | | Stable |
1 | Includes the senior guaranteed trust securities issued by Murray Street Investment Trust I. |
2 | Trust preferred securities issued by Goldman Sachs Capital I. |
3 | Includes Group Inc.’s non-cumulative preferred stock and the Normal Automatic Preferred Enhanced Capital Securities (APEX) issued by Goldman Sachs Capital II and Goldman Sachs Capital III. |
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| | Short-Term Debt | | Short-Term Bank Deposits | | Long-Term Debt | | Long-Term Bank Deposits | | Rating Outlook |
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GS Bank USA | | P-1 | | P-1 | | A2 | | A2 | | Stable |
GS&Co. | | P-1 | | N/A | | N/A | | N/A | | N/A |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | | THE GOLDMAN SACHS GROUP, INC. (Registrant) |
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Date: June 21, 2012 | | | | By: | | /s/ Kenneth L. Josselyn |
| | | | | | | | Name: | | Kenneth L. Josselyn |
| | | | | | | | Title: | | Assistant Secretary |