Berkshire Hathaway Ratings Outlook Cut
NU Online News Service, April 19, 4:18 p.m. EDT?Fitch Ratings has downgraded its outlook on Berkshire Hathaway Inc. to "Negative" from "Stable," citing concerns over investigations of the company's reinsurance unit and its failure to announce a leadership succession plan.[@@]
The ratings firm remarked that Berkshire has an outstanding long-term success record that can be largely attributed to the legendary talents of its Chairman Warren Buffett who has no one designated to fill his post if he should retire.
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