Sokol’s Exit ‘Credit Negative’ for Berkshire, Moody’s Says

Berkshire Hathaway Inc. executive David Sokol’s resignation points to “governance challenges” at the company and may affect its credit quality, Moody’s Investors Service said.

“The recent developments are credit negative for Berkshire,” Moody’s analysts led by Bruce Ballentine wrote in a note yesterday. “More broadly, the events underscore governance challenges at Berkshire that could impact credit quality.”