- Obama says Boosting US Jobs is Top Priority
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Earnings Rise, Match Guidance
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- Paul: Audit the Fed
- HP Comes in As Expected; Is It Time to Buy?
- JAL Slides to Record Low on Bankruptcy Jitters
- Prepare For Large Decline In Stocks, Next Year?
- The Social Media Gaming Threat
- Wave of Debt Payments Facing US Government
- Holiday Travel Outlook
- Gold Will Collapse Like Oil Did in 2008: Charts
Text Size 
NEW YORK, Nov 5 (Reuters) - Fitch Ratings on Thursday said it may cut its ratings on Berkshire Hathaway Inc , on concerns about the effect the acquisition of Burlington Northern Santa Fe Corp will have on its asset profile and capitalization. Fitch said it may cut Warren Buffett's Berkshire from AA-plus, the second-highest investment grade. The acquisition of Burlington and other utilities, energy and finance company subsidiaries, has shifted Berkshire's asset profile to have a higher concentration in companies that have more leverage, Fitch said. Many of the companies are also more sensitive to general economic conditions than Berkshire's long-held insurance and holding company equity-oriented investments, the rating agency added. Berkshire Hathaway on Tuesday said it has agreed to pay $26 billion in cash and stock to buy Burlington in a bet the railroad operator will benefit from a recovering U.S. economy. For details click on. Berkshire is also assuming about $10 billion of Burlington debt. (Reporting by Karen Brettell; Editing by Kenneth Barry) Keywords: BERKSHIRE RATING/FITCH (karen.brettell@thomsonreuters.com; Tel: +1 646 223 6274; Reuters Messaging: karen.brettell.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Print
Email
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- The energy company Power Efficiency is building tools that regulate the power electric motors use.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes