Moody’s Cuts Berkshire Hathaway’s Aaa Credit Rating
April 10, 2009 at 08:59 AM EDT
Moody’s Investors Service ( MCO ), today (Thursday) cut Berkshire Hathaway Inc.’s ( BRK.A , BRK.B ) top-level Aaa credit rating by two notches, despite Berkshire chief Warren Buffett’s status as the ratings agency’s biggest shareholder. Moody’s was the last major ratings agency to downgrade the Berkshire, after Fitch Ratings Inc. stripped the company of its…