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#1
02-04-2010, 04:25 PM
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Buffett Loses Last AAA Rating as S&P Cuts Berkshire
http://www.bloomberg.com/apps/news?p...d=aJJa3lMphCWs
Warren Buffett’sBerkshire Hathaway Inc. was stripped of its last AAA credit rating by Standard & Poor’s after the billionaire investor agreed to buy railroad Burlington Northern Santa Fe Corp. Berkshire, which is taking on debt to fund the $26 billion takeover, was cut one level to AA+ from S&P’s highest grade, the ratings firm said today in a statement. The downgrade comes the same day Berkshire filed to sell $8 billion of notes to fund the Burlington Northern purchase, and concludes a review that S&P announced on Nov. 4, the day after Berkshire disclosed the deal.
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Ecclesiastes 10:2 The heart of the wise inclines to the right, but the heart of the fool to the left. Ayn Rand - "...observe that in all the propaganda of the ecologists—amidst all their appeals to nature and pleas for 'harmony with nature'—there is no discussion of man's needs and the requirements of his survival. Man is treated as if he were an unnatural phenomenon. "The government has no money of its own. It can only create a job by destroying a job. Now, the victims of that are not visible, but the job 'created' is." Walter Williams Who is John Galt? 
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#2
02-08-2010, 12:04 AM
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Re: Buffett Loses Last AAA Rating as S&P Cuts Berkshire
Damn.
I misread this and thought Vegas was posting about a buffet he ate at that the AAA lowered a rating on. 
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#3
02-08-2010, 11:45 AM
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Re: Buffett Loses Last AAA Rating as S&P Cuts Berkshire
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__________________
Ecclesiastes 10:2 The heart of the wise inclines to the right, but the heart of the fool to the left. Ayn Rand - "...observe that in all the propaganda of the ecologists—amidst all their appeals to nature and pleas for 'harmony with nature'—there is no discussion of man's needs and the requirements of his survival. Man is treated as if he were an unnatural phenomenon. "The government has no money of its own. It can only create a job by destroying a job. Now, the victims of that are not visible, but the job 'created' is." Walter Williams Who is John Galt?
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