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Meet the Only 2 Game-Changing Businesses With a Higher Credit Rating Than the U.S. Government

The Motley Fool

But following four-plus decades of acquisitions, mergers, bankruptcies, innovation, and economic shifts, only two public companies still hold this pristine credit rating. In April, S&P reaffirmed its AAA credit rating on J&J, albeit with a negative outlook.

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Transcript: Steven Klinsky

The Big Picture

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KKR took a stock exchange company called who Houdaille, private, and it was the first time there’ve been — RITHOLTZ: ’79 or something like that? The head of mergers and everyone watched over me there.

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Transcript: William Cohan

The Big Picture

So, by the time I got there, it was well beyond just, you know, financing customer acquisitions of appliances. I mean, you know, I probably shouldn’t have been doing it because I had been a journalist covering public schools and knew nothing about leveraged buyouts. They had no balance sheet. What was the workflow like there?

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