Berkshire Hathaway Inc.'s $8 Billion Senior Note Issuance Rated 'AA+' - S&P Global Ratings’ Credit Research

Berkshire Hathaway Inc.'s $8 Billion Senior Note Issuance Rated 'AA+'

Berkshire Hathaway Inc.'s $8 Billion Senior Note Issuance Rated 'AA+' - S&P Global Ratings’ Credit Research
Berkshire Hathaway Inc.'s $8 Billion Senior Note Issuance Rated 'AA+'
Published Feb 05, 2010
1190 words — Published Feb 05, 2010
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Abstract:

NEW YORK (Standard&Poor's) Feb. 5, 2010--Standard&Poor's Ratings Services today said it assigned its 'AA+' senior debt rating to $8.0 billion of senior notes issued by Berkshire Hathaway Inc. (BRK; AA+/Stable/A-1+). BRK is issuing the notes in six tranches--three floating rate and three fixed rate--with maturity dates from 2011 to 2015. BRK will use proceeds from the issue to help fund its planned purchase of the shares it does not already own in Burlington Northern Santa Fe Corp. (BNSF) for approximately $26 billion in cash and stock. The BNSF transaction is pending shareholder approval, and we expect it to close no later than Feb. 15. BRK already owns more than 22% of the stock of BNSF. BRK

  
Brief Excerpt:

RESEARCH Berkshire Hathaway Inc.'s $8 Billion Senior Note Issuance Rated '##+' Publication date: 05-Feb-2010 Primary Credit Analyst: John Iten, New York (1) 212-438-1757; john_iten@standardandpoors.com Secondary Credit Analyst: Damien...

  
Report Type:

Ratings Action

Ticker
BRK/A
Issuer
GICS
Multi-Sector Holdings (40201030)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Berkshire Hathaway Inc.'s $8 Billion Senior Note Issuance Rated 'AA+'" Feb 05, 2010. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Berkshire-Hathaway-Inc-s-8-Billion-Senior-Note-Issuance-Rated-AA-780711>
  
APA:
S&P Global Ratings’ Credit Research. (). Berkshire Hathaway Inc.'s $8 Billion Senior Note Issuance Rated 'AA+' Feb 05, 2010. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Berkshire-Hathaway-Inc-s-8-Billion-Senior-Note-Issuance-Rated-AA-780711>
  
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