Moody’s reaffirmed America’s credit rating at the highest AAA level but expressed concern about the nation’s fiscal trajectory amid congressional dysfunction.
Clearly defending the agencies (as the title suggests). Other articles point out racial or geographical bias (or their shortcomings before the financial crisis/great recession), but I’m not seeing anything that says they are outright “shitty and wrong” most of the time (or even often).
While there is limited reliability, it still matters what they say. I wouldn’t say they get it wrong most of the time though
FFS, The Economist did a whole fucking piece on how shitty and wrong the agencies are.
When I search through their articles, I find a mixed bag. This is the most recent: https://www.economist.com/finance-and-economics/2023/08/10/in-defence-of-credit-rating-agencies
Clearly defending the agencies (as the title suggests). Other articles point out racial or geographical bias (or their shortcomings before the financial crisis/great recession), but I’m not seeing anything that says they are outright “shitty and wrong” most of the time (or even often).