Sympathy for the … ?
Well, never mind.
Egan Jones analysts this afternoon reiterated their corporate credit rating of rating on Goldman Sachs (GS) at A1+, calling for “some perspective.”
The SEC suit, in the view of the firm, is “likely to result in manageable fines and is unlikely to change much.” GS, the firm avers, is “looking brilliant,” with fewer competitors out there and “attractive trading opportunities.”
Egan Jones see the main credit issue as being “how quickly the global markets will recover.”
Other ratings agencies, Egan Jones note, might take negative actions.
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