Buffett: Moody’s Model No Longer ‘Bullet Proof’
The investor, who has been reducing Berkshire Hathaway’s stake in Moody’s, said the ratings firm has lost some of its competitive advantage
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June 2 (Bloomberg) — Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., talks with Bloomberg’s Betty Liu about his company’s stake in Moody’s Corp. Buffett, speaking before his scheduled appearance at the US Financial Crisis Inquiry Commission in New York, also discusses his relationship with Moody’s executives and the performance of ratings companies. (Source: Bloomberg)
