Jump to content

Rating Agencies Timely Once Again!


Parsad
 Share

Recommended Posts

Well, it looks like the rating agencies could not have gotten their timing any better.  S&P may cut Berkshire's AAA-rating now that the markets have already tanked 50%, and Moody's cut WFC's preferreds into junk territory now that lending and deposit spreads are the widest in nearly 100 years!  Cheers!

 

http://www.marketwatch.com/news/story/sp-says-may-cut-berkshire/story.aspx?guid=%7B2C5C12BB%2DEE6A%2D4308%2D8430%2DF69251F111F1%7D&siteid=yhoof

 

http://finance.yahoo.com/news/Moodys-cuts-key-ratings-of-apf-14744415.html

 

 

Link to comment
Share on other sites

As is expected ... Moody's is always the last to downgrade.  :P

 

If BRK is not AAA, then hardly anything in the financial world is.

 

 

Well, it looks like the rating agencies could not have gotten their timing any better.

 

And ... after the markets have rallied 20-30% in the last week or so. Great timing indeed ...  ;)

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...