Rating Action:
Moody's rates Berkshire Hathaway Finance Corp's senior notes Aa2, stable outlook
03 Jan 2019
Company issuing $1.25 billion of 30-year notes
New York, January 03, 2019 -- Moody's Investors Service has assigned a Aa2 rating to $1.25 billion of 30-year senior unsecured notes being issued by Berkshire Hathaway Finance Corporation (BHFC). The notes are unconditionally and irrevocably guaranteed by BHFC's parent, Berkshire Hathaway Inc. (Berkshire, long-term issuer rating Aa2, short-term issuer rating Prime-1, NYSE: BRK), and are being issued off Berkshire's multi-purpose shelf registration. BHFC expects to use net proceeds of the offering to refinance $950 million of floating rate senior notes due in January 2019 and for general corporate purposes. The rating outlook for Berkshire and BHFC is stable.