Market Overview

Buffett: S&P Made a Mistake Downgrading US Credit Rating -Bloomberg

Share:

Billionaire Warren Buffett said Standard & Poor's erred when they downgraded the U.S. credit rating from AAA to AA+ and believes the economy will avoid its second recession in three years, in an interview with Bloomberg Television.

The Berkshire Hathaway chairman and chief executive officer stated the U.S. deserves a “quadruple A” rating, but feels last week's market selloff can create a "lack of confidence". “Financial markets create their own dynamics, but I don't think we're facing a double dip recession", Buffet said.

Posted-In: News Downgrades Global Economics Analyst Ratings Press Releases

 

Related Articles (BRK.A BRK.B)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
MANMaintains96.0
INTCMaintains57.0
CHNGInitiates Coverage On19.0
BRMaintains150.0
SLBMaintains41.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

CWA: Verizon Refuses to Get Serious About Bargaining

The Best of the Bozeman Police Reports