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Saturday, April 12, 2008

REUTERS: New Berkshire Hathaway bond company gets AAA rating

NEW YORK, April 11 (Reuters) - Billionaire Warren Buffett's new municipal bond insurance company on Friday won the top "AAA" rating from Standard & Poor's Ratings Services, which noted the venture has a nearly $1 billion surplus.

Berkshire Hathaway Assurance Corp (BRKa.N: Quote, Profile, Research) has been granted licenses by 48 states and the District of Columbia, the credit agency added in a statement.

(Reporting by Joan Gralla)

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