On July 15, Standard & Poor’s placed 73 fixed income funds on credit watch with negative implications, including the Goldman Sachs Government Income Fund and the Goldman Sachs Short Duration Government Fund, due to their exposure to US Treasury and government agency securities. On July 22, Standard & Poor’s added the Goldman Sachs Ultra-Short Duration Government Fund to the list of funds on watch.
Following Standard & Poor’s downgrade of the long term United States credit rating to AA+ on August 5, Standard & Poor’s lowered its fund credit quality ratings on 73 fixed income funds, including the following Goldman Sachs Funds:
