Omaha, Neb.-based Berkshire Hathaway Inc., whose insurance holdings include GEICO and General Re Corp., had its long-term credit rating lowered one notch from “AAA’’ to “AA’’ by Standard & Poor’s.
S&P cited liquidity issues raised by the company’s recent $26.3 billion purchase of the Fort Worth-based Burlington Northern Santa Fe Corp. as reason for the downgrade.
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