The S&P Downgrades Old Man Buffett

“S&P has just downgraded the credit rating of Berkshire Hathaway to AA+ from AA.

“The lower credit rating on BRK better reflects our view of BRK’s dependence on its core insurance operations for most of its dividend income,” said S&P credit analyst John Iten.

S&P is maintaining a negative outlook on the company.

Here’s the press release from S&P…”

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