| Title: | Berkshire Hathaway Inc. 'AAA' Ratings Affirmed; Outlook Stable |
| Price: | $100.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) May 5, 2008--Standard&Poor's Ratings Services said today that it has affirmed its 'AAA' counterparty credit, 'A-1+' commercial paper, and 'AAA' senior unsecured debt ratings on Berkshire Hathaway Inc. (BRK). The outlook remains stable. BRK's net income declined to $940 million in the first quarter of 2008 from $2.6 billion in the first quarter of 2007. The decline was caused mainly by a derivative loss of $1.6 billion in the first quarter of 2008 versus a gain of $143 million in the first quarter of 2007. Specifically, credit default contracts had fair value losses of $490 million, while equity derivatives (all European puts) had losses near $1.2 billion. The equity derivatives expire in 2019 |
| Brief Excerpt: | RESEARCH Ratings Definitions Berkshire Hathaway Inc. '###' Ratings Affirmed; Outlook Stable Publication date: ##-May-#### Primary Credit Analyst: Damien Magarelli, New York (#) ###-###-####; damien_magarelli@standardandpoors.com Secondary... |
| Word Count: | 690 |
| Ticker: | BRK/A |
| Issuer: | Berkshire Hathaway Inc. |
| GICS: | Property & Casualty Insurance (40301040) |
| Sector: | Global Issuers, Structured Finance, Public Finance, Financial Institutions, Insurance, Corporations, Asset-Backed Securities, Residential MBS |
| Country: | United States |
| Region: | United States |
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