PPP KINGDOM

PPP KINGDOM

BUFFET GETS DOWNGRADED AFTER SLAMMING S&P

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After billionaire Warren Buffet had some negative words for Standard & Poor’s on Friday, the credit ratings agency got a little pessimistic themselves by offering up some bad news for Buffet’s Berkshire Hathaway.

Warren Buffett, Chairman and CEO of Berkshire Hathaway (Mario Tama / Getty Images / AFP Photo)
Warren Buffett, Chairman and CEO of Berkshire Hathaway (Mario Tama / Getty Images / AFP Photo)

On Monday, S&P downgraded Berkshire Hathaway’s outlook from “stable” to “negative.” Though his conglomerate will maintain their AA-plus rating for the time being, it signals a potential downgrade in the near future.

http://rt.com/usa/news/buffet-sp-berkshire-downgrade/

Best Regards,

FINANCIAL WARRIOR

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