Berkshire Hathaway, Inc. Cuts Moody's Corporation's Stake To 16.98%-Reuters
Reuters reported that Berkshire Hathaway Inc lowered its stake in Moody's Corporation. Berkshire sold 7.99 million shares of the parent of Moody's Investors Service for $217.6 million, or an average $27.25 per share, on the open market this week, according to a U.S. regulatory filing late Wednesday. Moody's Downgrades Berkshire Hathaway, Inc.'s AAA Credit Rating-AP
The Associated Press reported that Moody's Investors Service lowered Berkshire Hathaway, Inc.'s rating to Aa2 from Aaa.
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