Why should we listen to - and trust - Moody's Ratings' announcement? They are not to be trusted because after all, their role in the 2008 financial crisis over some retarded risky mortgage ratings is a reminder of what they had done.
Credit Ratings are legally required by banks to make risk assessments and for national banks to set interest rates for investments.
A person investing into US bonds or treasuries for instance now should get a higher return because there is more risk due to the lower credit rating.
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