Global financial markets threatened again due to lowered debt rating of the United States by S&P. Then how the U.S. stock market wizard Warren Buffett addresses this decline of rating?
Buffett, Berkshire Hathaway Chairman and CEO, stated S&P step to decrease the debt rating to AA+ from the AAA before, didn’t make sense. “Does not make sense,” said Bufffet as quoted by Fox Business Network some time ago.
Buffet did not understand the reason for the S&P to downgraded
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