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Fitch cuts Berkshire's AAA financial strength rating

10 February 2010

Rating agency Fitch has downgraded the issuer debt rating of Warren Buffett's Berkshire Hathaway to AA- from AA+ and the insurance financial strength ratings of its insurance subsidiaries National Indemnity Company, General Re and Geico to AA- from AAA.

Read more: berkshire Hathaway warren buffett national indemnity geico general re

Rating agency Fitch has downgraded the issuer debt rating of Berkshire Hathaway to AA- from AA+ and the insurance financial strength ratings of its insurance subsidiaries National Indemnity Company, General Re and Geico to AA- from AAA.

The downgrade follows Standard & Poor's downgrading Berkshire from the triple-A range last week.

Fitch had placed its ratings on Berkshire and...


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If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield