In a related development, China's State Administration of Foreign Exchange (SAFE)
issued new rules on Wednesday relaxing restrictions on multinational companies» management of their foreign currency - denominated
debt in China, allowing them to pool
debt from all their
subsidiaries for central management.
But even with new
debt issues, many BRK
subsidiaries offer their own non-BRK-guaranteed
debt, whether it is Burlington Northern, or a Mid-American sub offering
debt to back a solar power plant.