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Ludicrous?? Berkshire Cut to AA by S&P

Nairametrics by Nairametrics
May 16, 2013
in Uncategorized
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Buffet

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.

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Anyway, for the curious here is the full gistBerkshire Cut to AA by S&P as Ratings Criteria Revised

Ugometrics

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