Berkshire Hathaway's involvement with an agency that gave a top rating last week to Berkshire's new municipal bond operation is under scrutiny by Connecticut authorities.

The State Attorney General Richard Blumenthal's office said he is investigating what he believes was a conflict of interest when Moody's Investor Service, partially-owned by Berkshire, rated Berkshire Hathaway Assurance Corp. "triple-A."

Mr. Blumenthal's probe is being undertaken independent of any of the other states.

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