There you have it, the rating agencies are at it again. They have decided to cut Warren Buffet’s company’s rating because they think it depends a lot on its Insurance business for cash therefore it may not be able to pay its short term financial obligations.
Well, only problem is that Berkshire Hathaway has about $40billion cash.
Anyway, for the curious here is the full gistBerkshire Cut to AA by S&P as Ratings Criteria Revised
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