Goldman Sachs Group Inc.Chief Financial Officer Denis Coleman said the firm doesn’t have direct exposure to the recent blowups and, without mentioning names, assured that it’s “maintaining standards” in lending.
Coleman was responding to queries from analysts alluding to the collapse last month of Tricolor Holdingsand First Brands Group. On the same call on Tuesday, Chief Executive Officer David Solomon said that the firm’s lending is underpinned by its “strong underwriting” and added that the majority of its assets are investment grade.
“We think about it as a broadly diversified portfolio,” Solomon added.
Dallas-based Tricolor, a used ...
