Warren Buffett On Credit Ratings

Buffett and Moody's CEO on credit ratings and financial crisis.

Warren Buffett Firm Sells 815, 905 More Moodys Shares

Buffett's Firm Sells 815, 905 More Moody's Shares

OMAHA, Neb. (AP) -- Billionaire Warren Buffett's company has sold another 815,905 shares of credit ratings firm Moody's Corp., but Berkshire Hathaway Inc. still holds nearly 31 million shares.

Berkshire reported the latest stock sales to the Securities and
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Buffett Sells Moody Shares for Sixth Time Since July

Dec. 23 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. cut its stake in Moody’s Corp. for the sixth time since July after the ratings company was hit by profit declines, lawsuits and criticism from regulators. Berkshire remains Moody’s biggest shareholder, according to a regulatory filing yesterday. Bloomberg's Erik Schatzker reports. (Source: Bloomberg)