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Why is the preferred stock rating of Group [BB+] lower than longterm debt rating of the Group, Inc.? The table below presents the unsecured credit

Why is the preferred stock rating of Group [BB+] lower than longterm debt rating of the Group, Inc.? The table below presents the unsecured credit ratings and outlook of Group Inc.The table below presents the unsecured credit ratings and outlook of GS Bank USA, GSIB, GSBE, GS\&Co. and GSI. 2 answers

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