Moody’s rates Berkshire Hathaway notes A2

Moody's Investors Service said it assigned Aa2 ratings to $400 million two-year and $600 million three-year floating rate notes being issued by Berkshire Hathaway Finance Corp.

The outlooks are stable.

The notes are unconditionally and irrevocably guaranteed by Berkshire Hathaway Inc. (long-term issuer rating Aa2, short-term issuer rating Prime-1) and are being issued off Berkshire's multi-purpose shelf registration.

Net proceeds will be used to redeem $1 billion of Berkshire Hathaway Finance notes maturing in January 2015.

Moody's said the ratings reflect Berkshire's strong market presence in its principal (re)insurance operations, the diversification of its earnings from both regulated and non-regulated businesses, and its sound balance sheet. The ratings also incorporate the conservative operating and financial principles of the current management team, the agency said.

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