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Buffett cuts $16 billion municipal credit bet in half
NEW YORK (Reuters) - Berkshire Hathaway Inc will terminate half of its bullish $16 billion bet on the credit quality of U.S. states, cities and towns, and has also cut its exposure to high yield corporate debt, it said in a regulatory filing this month. ...
Published By: Reuters (Business) - Tuesday, 21 August, 2012
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- Vote! Detroit default, plan, break ground in municipal market: Moody's
Reuters (Business) (2 days ago) - (Reuters) - Detroit's default and debt-restructuring plan are precedent-setting in the U.S. municipal market, Moody's...