GOLDMAN SACHS INTERNATIONAL - GSI Credit Rating Change by Fitch Ratings

GSI Credit Rating Change by Fitch Ratings

GOLDMAN SACHS INTERNATIONAL
(incorporated with unlimited liability in England and Wales on 2 June 1988)
Structured Product Issuer Code: GDIP
(the Issuer and GSI)

THE GOLDMAN SACHS GROUP, INC.
(incorporated in the State of Delaware on 21 July 1998)
(as Guarantor)

GSI CREDIT RATING CHANGE BY FITCH RATINGS


In accordance with paragraph 6.28 of the JSE Limited Debt and Specialist Securities Listings Requirements, 
noteholders are hereby advised that on 12 May 2026, Fitch Ratings ("Fitch") has upgraded GSI's long-term 
issuer default rating from A+ to AA- 

Upgrades reflect Fitch's revised view of creditor protection for GSI under a resolution scenario. The outlook 
remains positive.


The detailed credit rating report may be viewed on the following link: https://www.fitchratings.com/research/banks/fitch-takes-actions-
on-us-gsib-banks-following-criteria-update-12-05-2026


Johannesburg
13 May 2026

Debt Sponsor: The Standard Bank of South Africa Limited

Date: 13-05-2026 03:40:00
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