By Andrew Frye
Nov. 4 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. is more likely to be downgraded by Standard & Poor’s after the company agreed yesterday to pay $26 billion to acquire railroad Burlington Northern Santa Fe Corp.
“This transaction will decrease the liquidity and capital adequacy of the insurance operations” at Omaha, Nebraska-based Berkshire, the ratings company said in a statement today placing Buffett’s firm on “CreditWatch with negative implications.”
Related Links
Share Investor Blog - Stockmarket & Business commentary
Share Investor New Zealand Business News- Get more business news
Discuss this topic @ Share Investor Forum
Share Investor's Daily Forex Updates
Recommended Amazon Reading
 | The Sages: Warren Buffett, George Soros, Paul Volcker, and the Maelstrom of Markets by Charles R. Morris Buy new: $13.81 / Used from: $2.16 Usually ships in 24 hours |
 | The Tao of Warren Buffett: Warren Buffett's Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management by Mary Buffett Buy new: $15.61 / Used from: $1.77 Usually ships in 24 hours |
Kindle 2/Kindle DX: Amazon's New Wireless Reading Devices (Latest Generation)
No comments:
Post a Comment