Thursday, May 16, 2013

S&P cuts Berkshire Hahaway's rating, but barely.

S&P cuts Berkshire Hathaway rating by one notch to 'AA' - Yahoo! Finance:

"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 Standard &Poor's credit analyst John Iten."
How to bond rating agencies work? Here are a few good links:

From Wikipedia:  (they have really cool tables showing defaults by rating_

A straight forward primer:

and a slightly more academic version here is from  JF piece:

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