S&P cuts Berkshire Hathaway rating by one notch to 'AA' - Yahoo! Finance:
From Wikipedia: (they have really cool tables showing defaults by rating_
A straight forward primer:
http://www.investinginbonds.eu/Pages/LearnAboutBonds.aspx?id=6186
and a slightly more academic version here is from JF piece:
http://onlinelibrary.wiley.com/doi/10.1111/0022-1082.00311/abstract
"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:
http://www.investinginbonds.eu/Pages/LearnAboutBonds.aspx?id=6186
and a slightly more academic version here is from JF piece:
http://onlinelibrary.wiley.com/doi/10.1111/0022-1082.00311/abstract
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