Berkshire Hathaway Cut by S&P as Rating Firm Revises Criteria

Thursday, 16 May 2013 09:42 AM

 

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Berkshire Hathaway Inc., the company run by billionaire Warren Buffett, had its credit grade cut one level by Standard & Poor’s after the ratings company revised its criteria.

Omaha, Nebraska-based Berkshire’s rating was cut to AA from AA+, according to a statement today on S&P’s website.

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