Berkshire Hathaway Energy Company, a subsidiary of Berkshire Hathaway Inc. (BRK), announced today a definitive merger agreement with Energy Future Holdings Corp., which will ultimately result in the acquisition of Oncor, an energy delivery company in Texas. As a result, we are placing our ratings on BRK on CreditWatch negative. The CreditWatch placement reflects our uncertainty about how funding for Oncor's acquisition will affect BRK's credit-protection measures. On July 7, 2017, S&P Global Ratings placed its 'AA' long-term counterparty credit and senior unsecured debt ratings on Berkshire Hathaway Inc. (BRK) on CreditWatch with negative implications. At the same time, we placed on CreditWatch negative our ratings on intermediate holding companies and finance companies GEICO Corp., General Re Corp., and General
