Warren Buffett just said he's not worried about Fitch's downgrade of the US credit rating
Warren Buffett just said he's not worried about Fitch's downgrade of the US credit rating
www.cnbc.com Warren Buffett says he’s not worried about Fitch’s U.S. downgrade
Warren Buffett shrugged off Fitch's U.S. downgrade, noting it doesn't change what his conglomerate, Berkshire Hathaway, is doing at the moment.
“There are some things people shouldn’t worry about,” he said. “This is one.”
“Berkshire bought $10 billion in U.S. Treasurys last Monday. We bought $10 billion in Treasurys this Monday. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month” T-bills, Buffett told CNBC.
Buffett did note that the concerns are valid though but not enough to change his views on U.S. Treasurys and the dollar
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I've never heard of Fitch before. What does this mean?