Insurance ‘Relatively Unaffected by Recession,’ Boasts Berkshire’s Buffett

By and | May 4, 2009

  • May 4, 2009 at 1:55 am
    Stat Guy says:
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    I find it very odd that Moodies downgraded the credit ratings for Berkshire’s businesses when they are rock solid as best as I can determine. Wasn’t it the AAA ratings given to credit default swaps which made them appear to be investment grade instruments when they were no more than junk bonds at best. How can Moodies downgrade the very companies which remain stable andn profitable? On the upside, wouldn’t that make Berkshire stock prices drop and allow Warren to buy back more?

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