4 November, 2009
S&P may cut Berkshire's AAA rating on Burlington buy
NEW YORK, Nov 4 (Reuters) - Standard & Poor's on Wednesday said it may cut Berkshire Hathaway Inc's (BRKa.N) (BRKb.N) AAA rating, citing the company's plan to acquire Burlington Northern Santa Fe (BNI.N), Berkshire's largest acquisition to date.
A significant part of the cash portion of the acquisition will likely come from Berkshire's core insurance operations, reducing their liquidity and capital adequacy, S&P said in a statement.
(Reporting by Dena Aubin, Editing by Chizu Nomiyama)
Source: http://www.reuters.com
S&P may cut Berkshire's AAA rating on Burlington buy Added: (04.11.2009)
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