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Berkshire Looking to Bounce Following S&P Downgrade
Berkshire Hathaway Inc. (BRK.A, BRK.B) could lose its "AAA" credit rating from Standard & Poor’s Inc. after the ratings agency lowered its outlook on the company to "negative" from "stable."
But it’s unlikely the change has anything to do with the fundamental health of the company. Pundits were quick to point out that the rating was more about the current economic upheaval, than it was Berkshire itself.
"Pretty much any company in the world has to have a negative outlook at this point. It’s a reflection of the economy more than it is something that’s happening at Berkshire Hathaway,” American University…
27Mar2009 | Money Morning | 0 comments | Continued
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