Wednesday, August 23, 2017

Berkshire Spared From S&P Downgrade After Oncor Deal Collapses

Warren Buffett's Berkshire Hathaway Inc. was spared a downgrade from S&P Global Ratings after the collapse of the company's $9 billion deal to buy Oncor Electric Delivery Co. S&P affirmed Berkshire's AA score and removed the Omaha, Nebraska-based company from CreditWatch Negative, the ratings firm said Tuesday in a statement.

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