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Fitch cuts Berkshire's AAA financial strength rating
10 February 2010
Rating agency Fitch has downgraded the issuer debt rating of Warren Buffett's Berkshire Hathaway to AA- from AA+ and the insurance financial strength ratings of its insurance subsidiaries National Indemnity Company, General Re and Geico to AA- from AAA.
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Rating agency Fitch has downgraded the issuer debt rating of Berkshire Hathaway to AA- from AA+ and the insurance financial strength ratings of its insurance subsidiaries National Indemnity Company, General Re and Geico to AA- from AAA.
The downgrade follows Standard & Poor's downgrading Berkshire from the triple-A range last week.
Fitch had placed its ratings on Berkshire and...
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