S&P downgraded Berkshire Hathaway (BRK.A -3.1%) from AAA to AA+, saying its acquisition of...


S&P downgraded Berkshire Hathaway (BRK.A -3.1%) from AAA to AA+, saying its acquisition of Burlington Northern Santa Fe (BNI) will hurt liquidity. The downgrade came on the same day the company announced an $8 billion bond sale to help finance the acquisition.
Comments (4)
  • HiSpeed
    , contributor
    Comments (1300) | Send Message
     
    And we know how reliable these rating agencies are!
    4 Feb 2010, 02:00 PM Reply Like
  • GrantQ
    , contributor
    Comments (30) | Send Message
     
    What are you implying? That BRK.A is an even worse credit risk than AA+?
    5 Feb 2010, 03:02 PM Reply Like
  • Bullshead Trader
    , contributor
    Comments (4) | Send Message
     
    Aren't these the same idiots that had AAA ratings on Mortgage Backed Securities right before the market blew up?

     

    Nice work if you can get it....
    5 Feb 2010, 04:34 PM Reply Like
  • nmelendez
    , contributor
    Comments (1618) | Send Message
     
    Right, a company that makes 8-10 billion annually in earnings downgraded. And as mentioned, by the same idiots that declared MBS's as prime. You know what this sounds like to me? A GREAT buying opportunity on the cheap.
    5 Feb 2010, 08:44 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs