Ludicrous?? Berkshire Cut to AA by S&P

Deprecated: mb_convert_encoding(): Handling HTML entities via mbstring is deprecated; use htmlspecialchars, htmlentities, or mb_encode_numericentity/mb_decode_numericentity instead in /var/www/nairametrics/wp-content/themes/nairametrics/functions.php on line 104

There you have it, the rating agencies are at it again. They have decided to cut Warren Buffet’s company’s rating because they think it depends a lot on its Insurance business for cash therefore it may not be able to pay its short term financial obligations.

Well, only problem is that Berkshire Hathaway has about $40billion cash.

Anyway, for the curious here is the full gistBerkshire Cut to AA by S&P as Ratings Criteria Revised

Ugometrics