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Thursday, November 05, 2009
Fitch May Downgrade Berkshire On Burlington Deal
By Wallace Witkowski
MarketWatch Pulse
SAN FRANCISCO -- Fitch Ratings said Thursday it may downgrade its ratings on Berkshire Hathaway Inc. and its insurance subsidiaries on the proposed deal to acquire the shares of Burlington Northern Santa Fe Corp. Berkshire does not already own. Fitch has a AA+ issuer default rating on Berkshire Hathaway, Berkshire Hathaway Finance Corp., Geico, and GeneralRe. Fitch said it is concerned how the transaction will affect Berkshire's asset profile and capitalization.
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