Goldman Sachs joined the trend to include the possible negative effects of the U.S. debt downgrade among the risk factors in the footnotes section of their Form 10-Q.
” On August 5, 2011, Standard & Poor’s lowered the long-term sovereign credit rating of U.S. Government debt obligations from AAA to AA+. On August 8, 2011, S&P also downgraded the long-term credit ratings of U.S. government-sponsored enterprises. These actions initially have had an adverse effect on financial markets and although we are unable to predict the longer-term impact on such markets and the participants therein, it might be material and adverse,” it said in a statement.
