Moody’s is almost as clueless as the Democrats.
Moody’s isn’t clueless, its complicit.
This is the same Moody’s that laundered mortgage securities backed by $750K mortgages to $14,000 illegal aliens into AAA rated MBS’s that Calpers was putting their retirement bucks into.
Moody’s KNEW it was happening, and at the time it was happening Buffett owned TWENTY percent of Moody’s stock.
Moody’s is a joke, but the joke is baked into the system now and even though their ratings are absolute fiction, they influence credit power in a way that nothing else does.