Berkshire Hathaway Downgraded by S&P Despite Record High Book Value
Standard & Poor's has downgraded its long-term counterparty credit rating on Berkshire Hathaway to AA+ from AAA. The action also lowered the financial strength rating on Berkshire's insurance operations to AA+. The ratings were removed from Standard & Poor's credit ...
Berkshire Hathaway to Replace Burlington Northern in S&P 500
Standard & Poor’s has announced that Berkshire Hathaway will replace Burlington Northern Santa Fe in both the S&P 100 and S&P 500 indices on a date to be announced. The S&P 500 is a broad based index that is perhaps ...
Morningstar Enters the Credit Ratings Fray
Morningstar has announced the launch of its corporate credit ratings initiative which will initially cover 100 companies with plans for expansion to 1,000 companies as additional credit analysts are hired in the coming months. As we have discussed in recent ...
Improved Credit Rating Firms Oversight Cannot Substitute for Investor Vigilance
The well publicized failures of the credit rating agencies in recent years was the subject of intense scrutiny today at the SEC Roundtable on Credit Rating Agencies today in Washington DC. However, none of the reform proposals relieve investors of ...
Moody’s Downgrades Berkshire Hathaway
So much for the conspiracy theories! Moody's, which is 20% owned by Berkshire Hathaway, today downgraded the long term issuer rating of Berkshire two notches fromAaa to Aa2, and the Issuer Financial Strength (IFS) rating of most of the insurance ...
Berkshire Faces Higher Financing Costs
Earlier this month, Fitch Ratings downgraded Berkshire Hathaway's credit rating on unsecured debt from AAA to AA+. Earlier this week, Standard and Poor's lowered its outlook on Berkshire Hathaway from stable to negative. The result appears to be at least ...
S&P Issues Negative Outlook on Berkshire
In a widely anticipated move, Standard & Poor's today revised its outlook on Berkshire Hathaway from stable to negative. Standard & Poor's reaffirmed Berkshire's AAA rating for now. This action follows the March 13 downgrade of Berkshire by Fitch Ratings ...