http://finance.yahoo.com/news/Fitch-Legal-issues-could-apf-930792182.html?x=0&sec=topStories&pos=4&asset=&ccode=
This just goes to show you what a farce the ratings agencies really are, either that or if your an investor, what they have to say doesn't matter to you anyway.
The question is which one is it?
Fitch because of Goldman's consistent performance of the other banks deserves to keep their A+ rating, no matter what tactic they use to outperform. Legal and ethical practices are apparently not taken into consideration when granting those ratings. Really why would they need bother, when common knowledge says every bank preforms in the same manner.
The side affects that occur, apparently do not outweigh the merits of a sterling profit performance.
The banking crisis was just one of those such side affects.
Fitch Ratings said Wednesday that Goldman Sachs' recent legal troubles and the evolving regulatory landscape might lead the agency to eventually review the bank's top-tier credit rating.
Fitch Ratings, a major credit ratings agency, said in a release that it left Goldman Sachs Group Inc.'s rating of "A+" alone for now given its strong performance. Fitch noted that Goldman "consistently" outperforms its global banking peers.
