S.&P. ‘Negative’ on Berkshire Hathaway
Not long after Berkshire Hathaway uncharacteristically entered the takeover fray for Transatlantic Holdings, offering $3.25 billion, the credit ratings agency Standard & Poor’s had a surprise of its own: It lowered its outlook on Warren E. Buffett’s company.
While affirming the AA+ ratings of Berkshire Hathaway and four other insurers, S.&P. said it was revising its outlook on the five to “negative”
And in unrelated news:
Read more: http://journalstar.com/business/loca...#ixzz1USoAB3LB
Buffett says U.S. debt should be rated 'quadruple A'
Obama's pal suffers a setback.