<p>After Standard & Poor’s bit an appendage from the U.S.’s credit rating, the credit-rating firm is smelling blood in the water at Warren Buffett’s Berkshire Hathaway.</p>
<p>Berkshire, which make big chunks of money from its insurance and reinsurance businesses, is spared the loss of its AA+ rating for now. But S&P marked Berkshire’s outlook down to “negative” from stable.” UPDATE: Buffett told Fox Business Network he isn’t surprised about S&P’s move. S&P had telegraphed plans to knock down insurers if the U.S. were downgraded.</p>