Goldman Sachs Group Inc. Chief Executive Officer David Solomon has dismissed concerns about potential systemic risks in the credit market following the collapse of two U.S. companies.
Speaking in an interview with Bloomberg TV at the Future Investment Initiative in Riyadh, Solomon addressed worries that emerged after the failures of First Brands Group and Tricolor Holdings.
"I don’t see anything in the context of a handful of bad credit situations that’s leading me to say we have a systemic issue around the corner," Solomon stated.
The Goldman Sachs CEO’s comments come as market participants have been closely monitoring credit conditions following these high-profile collapses.
