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Mar 18 22:25 pm
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All Comments by Larry MacDonald »Is Berkshire a Long Run Buy? [View article]
Fitch cuts certain Berkshire Hathaway ratings
The Associated Press March 13, 2009
Fitch Ratings has downgraded Berkshire Hathaway Inc.'s triple-A issuer default rating and senior unsecured debt ratings by one notch, saying a top rating isn't appropriate for financial-oriented holding companies in the current volatile market.
The agency also said its ratings continue to reflect Fitch's long-standing concerns that Berkshire's fortunes are intimately tied to Chairman Warren Buffett and his investment expertise.
www.businessweek.com/a...