#1 S.&P. ‘Negative’ on Berkshire Hathaway08-08-2011, 02:32 PMNot 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:
Buffett says U.S. debt should be rated 'quadruple A'
Obama's pal suffers a setback.
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