Monday, August 8, 2011

Now, S&P on Warren Buffett

Warren Buffett has recently stated that S&P was wrong to downgrade U.S. debt. Now, it's S&P's turn to speak. They have issued a comment on Buffett's holding comapny, Berkshire Hathaway.

S&P has affirmed the AA+ rating on Berkshire Hathaway, but has cut Berkshire's outlook to negative from stable.

Just keep talking, Warren. An S&P downgrade would cost Berkshire via higher interest rate costs.


Shares of  Berkshire Hathaway are down 2.2% after S&P affirmed its 'AA+' rating on the insurer but revised its outlook to negative from stable.


  1. Geee...Ya think Buffet has a bit of interest in the stock market going higher? Poor guy, didn't short the market it seems.