Warren Buffett’s Berkshire Hathaway lost its triple-A grade from Moody’s Investors Service, the very ratings firm in which the billionaire holds a 20 per cent stake. The two-notch downgrade to Aa2, which follows Fitch Ratings’ one-notch cut last month, comes as Berkshire seeks to rebound from its worst year since the “Sage of Omaha” took control of the former textiles maker in 1965.

This entry was posted by Stacy-Marie Ishmael on Thursday, April 9th, 2009 at 4:33 and is filed under Capital markets. Tagged with berkshire hathaway. Edit this entry.