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Author: exilion Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 215760  
Subject: Moody's:Triple-A companies an endangered species Date: 7/23/2001 3:59 PM
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Berkshire among the remaining 10 companies with an AAA rating from Moody's.

Here's the link to the entire piece.

The intro...

Moody's Investors Service said on Monday just 10 U.S. companies now enjoy triple-A status, down from 22 a decade ago and 58 in the late 1970s.

Just 6.2 percent of debt in the $2.6 trillion investment-grade corporate bond market carries the top rating, down from 10.2 percent in 1990, the rating agency said.

``Ultra-safe corporate credit is a rare commodity,' said Moody's economist Kamalesh Rao. ``Companies have shifted from trying to maintain ultra-clean balance sheets. They don't value pristine credit ratings as they once did because leveraging has become far more prevalent to run their businesses.'

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