Billionaire investor Buffett doesn’t seem concerned about Fitch Ratings’ decision to downgrade the U.S. credit rating from AAA to AA+ earlier this week.
Updated August 4, 2023 07:35 CST
Billionaire investor Warren Buffett doesn’t seem concerned by Fitch Ratings’ decision to downgrade the U.S. credit rating to AA+ from AAA earlier this week.
Buffett told CNBC the downgrade won’t change Berkshire Hathaway Inc.’s Treasury-buying plans.
The Berkshire Hathaway CEO and chairman said the conglomerate bought $10 billion in U.S. Treasury bonds last Monday, and it also bought $10 billion in U.S. Treasury bonds on Monday, and it faces The question will only be whether to buy $10 billion in 3-month or 6-month Treasuries.
Buffett said Fitch’s downgrade, while legitimate concern, doesn’t change his view on Treasuries or the dollar.
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Billionaire investor Warren Buffett doesn’t seem concerned by Fitch Ratings’ decision to downgrade the U.S. credit rating to AA+ from AAA earlier this week.
Buffett told CNBC the downgrade won’t change Berkshire Hathaway Inc.’s Treasury-buying plans.
The Berkshire Hathaway CEO and chairman said the conglomerate bought $10 billion in U.S. Treasury bonds last Monday, and it also bought $10 billion in U.S. Treasury bonds on Monday, and it faces The question will only be whether to buy $10 billion in 3-month or 6-month Treasuries.
Buffett said Fitch’s downgrade, while legitimate concern, doesn’t change his view on Treasuries or the dollar.
(This article is translated from MarketWatch. MarketWatch is operated by Dow Jones, the parent company of The Wall Street Journal, but MarketWatch is independent of Dow Jones Newswires and The Wall Street Journal.)
2023-08-03 23:35:00
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