Daily Archive: February 4, 2010

S&P Strips Berkshire Hathaway of AAA Rating

S&P Strips Berkshire Hathaway of AAA Rating

Standard & Poor’s Thursday stripped Warren Buffett’s Berkshire Hathaway of its top AAA rating, saying its acquisition of Burlington Northern Santa Fe will hurt liquidity and capital adequacy. The rating agency cut Berkshire’s long-term counterparty...