Fitch Affirm's 'AA-' IDR Rating on Berkshire Hathaway

April 23, 2012 2:51 PM EDT
Fitch Ratings has affirmed the 'AA-' Issuer Default Rating on Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) and the 'AA+' Insurer Financial Strength Ratings on BRK's key insurance subsidiaries. The Rating Outlook is Stable.

Fitch's ratings on BRK reflect the extremely strong capitalization and market position of its insurance subsidiaries, solid operating performance with good diversification across business lines and excellent financial flexibility and liquidity. Balanced against these strengths are material risk exposures related to an above average investment allocation to common stocks, a substantial position in equity derivatives, insured natural catastrophe exposures and various issues associated with the company's acquisition strategy and succession planning.


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