Fitch Rates Goldman Sachs Paris Inc. et Cie. 'AA-/F1+'.NEW YORK -- Fitch assigns Goldman Sachs Paris Inc. et Cie. (GS Paris) a long-term Issuer Default Rating (IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) of 'AA-' and a short-term IDR of 'F1+'. GS Paris is a guaranteed, indirect wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Goldman Sachs Group, Inc. (Goldman). The ratings assigned to GS Paris mirror the ratings of its ultimate parent and guarantor, Goldman. The Rating Outlook is Stable. GS Paris is a registered broker-dealer regulated by the Autorite des Marches Financiers and Banque de France Banque de France National bank of France, created in 1800 to restore confidence in the French banking system after the financial upheavals of the revolutionary period. Napoleon was one of its founding shareholders. . Fitch assigns the following rating, with a Stable Outlook: Goldman Sachs Paris Inc. et Cie --Long-Term IDR 'AA-'; --Short-Term Issuer rating 'F1+'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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