Thursday, May 16, 2013

S&P Cuts Berkshire Hathaway to AA

http://online.wsj.com/article/SB10001424127887324082604578486782816139460.html

The downgrade came after S&P revised the criteria it uses to evaluate the creditworthiness of insurers to better reflect the ability of companies that own insurance subsidiaries to get their hands on the cash they generate.

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