Standard & Poor's said today the "triple-A" ratings of the financial guaranty subsidiaries of Berkshire Hathaway Inc. would not be affected by the company's decision to get involved in the municipal bond market.
However, S&P said the "triple-A" rating would only be based on an evaluation of each particular deal.
The decision to grant the "triple-A" rating had been expected following the announcement several weeks ago by Berkshire Hathaway's chairman, Warren Buffett, that units of his company would soon begin to insure municipal bonds.
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