May 1 (Reuters) -
* Warren Buffett, asked if Berkshire Hathaway Inc will cut its stake
in Moody's Corp says rating agencies have a 'pretty darn good
business'
* Warren buffett says rating agencies made same mistakes that he, politicians,
mortgage brokers, others made in assessing housing market
* Warren buffett says rating agencies have no capital needs, significant
pricing power
* Warren buffett says rating agency business is good, unless they are forced to
change business structure in 'dramatic' way
(New York Equities Desk; tel: +1 646 223 6000) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Warren Buffett, asked if Berkshire Hathaway Inc will cut its stake
in Moody's Corp says rating agencies have a 'pretty darn good
business'
* Warren buffett says rating agencies made same mistakes that he, politicians,
mortgage brokers, others made in assessing housing market
* Warren buffett says rating agencies have no capital needs, significant
pricing power
* Warren buffett says rating agency business is good, unless they are forced to
change business structure in 'dramatic' way
(New York Equities Desk; tel: +1 646 223 6000) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.