This morning, Standard and Poor's came out and surprised no one when it lowered General Electric's (GE) credit rating one notch from 'AAA' to 'AA+'. With this downgrade, only six publicly traded US companies now hold the coveted status of a AAA rating:
Automatic Data Processing (ADP)
Berkshire Hathaway (BRK/A)
Exxon Mobil (XOM)
General Electric (GE)
Johnson & Johnson (JNJ)
Microsoft (MSFT)
Pfizer (PFE)
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Isn't Berkshire still AAA in S&P's book?
Posted by: deez | March 12, 2009 at 09:43 AM
You are correct. We were looking at the S&P 500, where there are only five (Berkshire not in the index). The post has been modified to be more clear.
Posted by: Paul Hickey | March 12, 2009 at 09:50 AM
Friday the 13th and Berkshire slips a notch according to Fitch.
Posted by: boiling frog | March 13, 2009 at 11:10 AM