Moody's may lift Burlington Northern

Moody's Investors Service said it placed its ratings for Burlington Northern Santa Fe Corp.'s senior unsecured at Baa1 under review for possible upgrade.

At the same time, Moody's said it affirmed the company's short-term P-2 rating, adding that the review was prompted by's announcement of Berkshire Hathaway, Inc.'s plan to acquire the remaining 77.4% of the shares of Burlington Northern that it does not already own in a transaction valued at about $44 billion, including existing Burlington Northern debt.

Because the transaction will be funded with a combination of cash and Berkshire stock, with no explicit upstream support provided by Burlington Northern, the agency said it is not expected to have any material adverse implications for the financial profile.

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