Los Angeles Business Journal

Berkshire Downgrade Likely to Have Little Effect

Thursday, May 16, 2013

When Berkshire Hathaway lost its AAA credit rating amid the financial crisis, the move had no effect on its borrowing costs, and that’s likely to be the case again after Thursday’s cut by S&P, the Wall Street Journal reports. The ratings company was troubled by Berkshire's dependence on its core insurance operations for most of its dividend income, CNBC says.