S&P downgrade of Berkshire Hathaway to follow Fitch
Billionaire Warren Buffett’s Berkshire Hathaway Inc. may lose its AAA credit rating from Standard & Poor’s because values have fallen in its equity portfolio and capital has shrunk at the insurance operations, Bloomberg reports.
The rating could be cut in the next 12 months, and would be the second for Berkshire after Fitch Ratings stripped its AAA rating on 12 March. S&P said any downgrade probably would be a one-notch cut.
