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twelvebuttons

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twelvebuttons

Re: BarbaraB post# 195831

Friday, 03/13/2009 5:03:02 PM

Friday, March 13, 2009 5:03:02 PM

Post# of 376167
Berkshire Loses Top Rating on Investments, Buffett Role"
Barb - nuther one for ya....


By: Reuters | 13 Mar 2009 | 06:25 AM ET

Warren Buffett's Berkshire Hathaway was stripped of its 'AAA' credit rating by Fitch, barely hours after S&P cut General Electric's top-tier rating, as the global financial crisis pummels America's corporate titans.

Citing concerns about Berkshire's [BRK.A 83550.00 -2150.00 (-2.51%) ] equity and derivatives investments, as well as Buffett's tight grip on the company, ratings agency Fitch cut the insurance and investment company's issuer default rating by one notch to 'AA+'.
BRK/B
And you are most welcome....I enjoy your adventures here - I sometimes vicariously follow your trades on paper...very good stuff!

12buttons

www.wealthmiser.com
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