Downgrade Could Cost Goldman USD2.21 Bln

11 May 2012

A threatened two-notch downgrade of Goldman Sachs could trigger provisions in derivatives contracts that would require the investment bank to post an additional USD2.21 billion in collateral or pay to terminate the contracts.

A threatened two-notch downgrade of Goldman Sachs could trigger provisions in derivatives contracts that would require the investment bank to post an additional USD2.21 billion in collateral or pay to terminate the contracts.

Click here to read the story from Associated Press

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