BRK's core insurance subsidiaries' capital adequacy has improved. We are affirming our ratings on BRK and its core insurance companies, and revising the outlook to stable from negative. We believe BRK will remain subject to an aggressive acquisition strategy, but we expect the insurance operating companies to maintain extremely strong capitalization. NEW YORK (Standard&Poor's) June 23, 2014--Standard&Poor's Ratings Services said today that it affirmed its 'AA/A-1+' counterparty credit rating on Berkshire Hathaway Inc. (BRK) and its 'AA+' insurance financial strength ratings on BRK's core property/casualty and life/health insurance and reinsurance operating companies (collectively BRKIS). We revised the outlook on all ratings to stable from negative. BRKIS's capital adequacy in prior periods, as measured by our risk-adjusted
