S&P: Berkshire Hathaway view stable

Standard & Poor’s said it affirmed its AA/A-1+ counterparty credit rating on Berkshire Hathaway Inc. and its AA+ insurance financial strength ratings on the company’s core property/casualty and life/health insurance and reinsurance operating companies.

S&P revised the outlook on all ratings to stable from negative.

The company’s capital adequacy in prior periods, as measured by S&P’s risk-adjusted capital model, had been less than S&P’s expectations for the rating level.

“Capital adequacy has improved since 2013, and we are thus revising the outlook to stable,” said S&P credit analyst Ron Joas in a news release.

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