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Moody's is in what is, currently, a hazardous line of business. Whatever their accuracy (their performance leading up to the financial crisis in 2008 didn't par
by pseudolus 1y ago
Moody's is in what is, currently, a hazardous line of business. Whatever their accuracy (their performance leading up to the financial crisis in 2008 didn't particularly lend them any credit) the reality is that they are certainly likely to be the target of informal (browbeaten in the media) and formal (investigations undertake by various agencies) actions in the short-term. They've unleashed a shit storm upon themselves the likes that they have probably never seen before. Some late night posts on Truth Social are likely to be imminent.
- deleted 1y ago[deleted]
- actionfromafar 1y ago... and if they don't give their honest assessment, they are making themselves obsolete anyway.
- shkkmo 1y agoSince the other 2 of the 3 major rating agencies had already made this downgrade...I guess they're all targets and all that already happened to them?
- pseudolus 1y agoI don't believe that either Standard & Poor's or Fitch downgraded the U.S of its triple-A credit rating during the current administration so they're relatively immune to any attack. Moody's is a "victim" of bad timing.