Goldman CEO Solomon Sees No ‘Systemic Crisis’ in Credit (1)

Goldman Sachs Group Inc. Chief Executive Officer David Solomondownplayed concerns that have surfaced following the collapse of US firms First Brands Group and Tricolor Holdings, and said he doesn’t see any systemic risk looming in the credit market.

“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 said in an interview with Bloomberg TV on the sidelines of the Future Investment Initiative in Riyadh.

If the economy slows sharply, or if a major macro event shakes market confidence, losses ...