Berkshire unloads 3.5 million more Moody's shares

AP News
Posted: Dec 15, 2009 12:40 PM

Warren Buffett's Berkshire Hathaway Inc. continues cutting its stake in Moody's Corp., selling nearly 3.5 million more shares of the credit rating agency.

Berkshire now holds 31.9 million Moody's shares and controls about 13.5 percent of its stock. Berkshire revealed the sales in documents filed Monday with the Securities and Exchange Commission.

Through 2009, the company based in Omaha has significantly reduced its Moody's holdings. Berkshire had held 48 million shares of Moody's for several years.

Berkshire started selling Moody's stock a few months after Moody's cut Berkshire's coveted triple-A credit rating.

Berkshire reported selling the Moody's stock over the past few days at prices between $25.15 and $26.93.


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