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1 Thing Warren Buffett Is Definitely Not Doing in Response to the U.S. Credit Rating Downgrade

TheMotleyFool

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1 Thing Warren Buffett Is Definitely Not Doing in Response to the U.S. Credit Rating Downgrade: https://g.foolcdn.com/editorial/images/742580/buffett6-tmf.jpg

U.S. Treasury bonds are widely viewed as the safest of safe-haven assets. But a leading credit rating agency doesn't think that debt issued by the U.S. government is as safe as it used to be.

Last Tuesday, Fitch Ratings downgraded the credit rating for the U.S. to AA+ (very high credit quality) from AAA (highest credit quality). The move rattled the stock market, sending major market indexes lower.

Warren Buffett, though, had a different take on Fitch's action than many investors did. Here's one thing Buffett is definitely not doing in response to the U.S. credit rating downgrade.

Source Fool.com