Thursday, March 12, 2009

AAA Rated Companies: And Then There Were Six

This morning, Standard and Poor's came out and surprised no one when it lowered General Electric's (GE) credit rating one notch from 'AAA' to 'AA+'. With this downgrade, only six publicly traded US companies now hold the coveted status of a AAA rating:

Automatic Data Processing (ADP)

Berkshire Hathaway (BRK/A)

Exxon Mobil (XOM)

General Electric (GE)

Johnson & Johnson (JNJ)

Microsoft (MSFT)

Pfizer (PFE)

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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.