On Aug. 10, 2015, Berkshire Hathaway Inc. announced that it plans to acquire Portland, Ore.-based Precision Castparts Corp. We are placing our long-term 'A-' corporate credit rating on Precision Castparts on CreditWatch with positive implications. Our short-term 'A-1' rating on the company remains unchanged. At the same time, we are placing our 'A-' issue-level ratings on the company's unsecured debt on CreditWatch with positive implications. At the close of the transaction, we will assess whether there is any potential for parental support from Berkshire Hathaway and will review any material changes to the company's strategic or financial policy. On Aug. 11, 2015, Standard&Poor's Ratings Services placed its long-term 'A-' corporate credit rating on Precision Castparts Corp. on CreditWatch
