{"id":189883,"date":"2010-02-04T14:49:00","date_gmt":"2010-02-04T19:49:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/04\/whiskey-tango-forxtot\/"},"modified":"2010-02-04T14:49:00","modified_gmt":"2010-02-04T19:49:00","slug":"whiskey-tango-forxtot","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/02\/04\/whiskey-tango-forxtot\/","title":{"rendered":"Whiskey Tango Forxtot?"},"content":{"rendered":"<p>Warren Buffet&#8217;s Berkshire Hathaway has <a href=\"http:\/\/www.cnbc.com\/\/id\/35239543\">had its long-term counterparty credit rating cut from AAA to  AA-plus<\/a>.<\/p>\n<p>They don&#8217;t like his purchase of the BNSF railroad:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Counterparty credit ratings reflect how well a company can meet its financial obligations with customers, trading partners or other parties.<\/p>\n<p>&#8220;We believe that the railroad acquisition will reduce what historically has been extremely strong capital adequacy and liquidity, and that investment risk with sizable concentrations remains very high,&#8221; S&amp;P said in a statement.<\/p>\n<p>The rating downgrade came on the same day that Berkshire announced a bond sale of up to $8 billion to help pay for the Burlington acquisition. <\/p><\/blockquote>\n<p>You see, if Buffet buys insurance companies, good, but if he buys companies whose business which involve something tangible, that&#8217;s bad, I guess.<\/p>\n<p>It&#8217;s clear that rail is in a growth curve.  Oil is permanently above $50\/bbl (consider my poor track record on this), and there are signs that fees to over the road truckers will reduce the subsidies given to that industry.<\/p>\n<p>But all S&amp;P sees is money being spent on big iron, and they do not like this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffet&#8217;s Berkshire Hathaway has had its long-term counterparty credit rating cut from AAA to AA-plus. They don&#8217;t like his purchase of the BNSF railroad: Counterparty credit ratings reflect how well a company can meet its financial obligations with customers, trading partners or other parties. &#8220;We believe that the railroad acquisition will reduce what historically &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1005,1004,985],"tags":[],"class_list":["post-189883","post","type-post","status-publish","format-standard","hentry","category-business","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189883"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189883"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189883\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}