S&P may cut Berkshire's AAA rating on Burlington buy

Wed Nov 4, 2009 5:22pm GMT
 
Email | Print | | Single Page
[-] Text [+]

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)

 

Most Popular General News on Reuters UK

  • Articles
  • Videos