Fitch rates Berkshire notes A+

Fitch Ratings said it assigned an A+ rating to the $1.6 billion of new five-year, 10-year and 30-year senior unsecured notes issued by Berkshire Hathaway Finance Corp.

The notes are guaranteed by Berkshire Hathaway Inc., which has an issuer default rating of AA- and A+ ratings on its senior notes.

The ratings on the notes primarily reflect the strength of the company.

The ratings are supported by the extremely strong capitalization and market position of its insurance subsidiaries, solid operating performance with good diversification across business lines and excellent financial flexibility and liquidity, Fitch said.

Balanced against these strengths are material risk exposures related to an above-average investment allocation to common stocks, a substantial position in equity derivatives and insured natural catastrophe exposures, the agency said.

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