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Warren Buffet shows faith in US Treasury bonds, denouncing SP downgrade

08-08-2011 14:43 BJT

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American investor Warren Buffet has shown faith in US Treasury bonds by insisting his company will hold on to its stake, despite the US credit rating cut.

He denounced S and P's downgrade, even arguing that it should have been raised to "quadruple A". The billionaire also said he doesn't expect this week's stock market to suffer from the rating cut.

He denounced S and P's downgrade, even arguing that it should have been raised to "quadruple A".

 

President Barack Obama presents Berkshire Hathaway chairman Warren Buffett with the 2010 Medal of Freedom at the White House Feb. 15, 2011. The medal is the highest honor awarded to U.S. civilians. (Alex Wong/AFP/Getty Images)

 

Editor:Li Wanran |Source: CNTV.CN

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