Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · STRATS(SM) Trust for Goldman Sachs Group Securities, Series 2006-2 (GJS)

STRATS GJS certificates' S&P rating withdrawn; secondary market price may fall

Negative Impact 3 of 5 legal/regulatory Written later

Standard & Poor's withdrew its rating on the STRATS Series 2006-2 certificates issued by the GJS trust, citing a risk of payment shortfalls if the certificates were redeemed together with termination of the swap agreement. S&P said the action is specific to this feature and does not affect its ratings on the underlying securities or the swap counterparty.

Key points

  • S&P announced on October 25, 2012 that it withdrew the rating on the Floating Rate Structured Repackaged Asset-Backed Trust Securities (STRATS Certificates, Series 2006-2).
  • The withdrawal followed S&P's October 18, 2012 update to its rating methodology for repackaged securities, effective immediately.
  • The filing says the rating withdrawal is not a termination event under the certificates or swap agreement.
  • The filing warns the withdrawal may materially and adversely affect the secondary market price and liquidity of the certificates.

The filing

CompanySTRATS(SM) Trust for Goldman Sachs Group Securities, Series 2006-2 (GJS)
Form8-K, current report
Filed with the SECOct 31, 2012, 3:27 PM ET
Accession number0001140396-12-000024

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2012.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.