Will Berkshire lose "AAA" S&P rating ?
Mar 24, 2009
Stock Market
Berkshire Hathaway could lose it’s ”AAA” credit rating from S&P in a year’s time if capital levels or value of its equity holdings face more downward pressure. The company’s outlook rating was revised by S&P from “stable” to “negative”. Other rating agencies like Fitch lowered it’s rating on Berkshire to “AA-plus” from “AAA”, and Moody’s continued to rate Berkshire “AAA” with a stable outlook.
Berkshire’s profit for last year was down 62% and the stock tanked by 32%, the worst year since Buffett took over the reins in 1965.
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