US government debt ratings by US rating agencies are now a bit of a joke. We saw what happened when a minor comedian made a joke adjacent to Charlie Kirk - that

US government debt ratings by US rating agencies are now a bit of a joke. We saw what happened when a minor comedian made a joke adjacent to Charlie Kirk - that joke was, at worst, bad taste, in the context of the tragic and unjustifiable murder. Trump personally tried to destroy that guy. What happens to rating agencies that dare cut US ratings? Surely nothing good. So they will keep saying things are good - either because they are, or because they aren't, but they cannot say. But then of course ratings, especially of sovereign debt, are kind of meaningless anyway. The ratings agencies don't have any extra information or deeper analysis available. They know as much as a basic investor, but have no upside in being smarter. The ratings revisions are always reactive, and only really matter because plenty of investors have to avoid bonds below a certain grade. So it's a demeaning of a meaningless number perhaps.