Moody downgrade is not clearly a downgrade

[buynholdisdead]

@steve203

Seems that “outlook” shift is routine. Seems a “negative” outlook is issued when the agency isn’t sure it’s current rating is really justified, vs a lower rating. Then, when they issue the downgrade, they change to “stable”, implicitly saying “this is the rating we have been thinking was justified for a while”.

Right but they have 21 levels and we are at level 20 stable. Doesn’t sound bad now does it?

@FCorelli

Was that little tid bit about going from “negative” to “stable” mentioned any of last weeks’ easily accessible stories about the downgrade? Saying the quiet thing quiet. Maybe that’s why the market blew it off as meaningless or perhaps even a slight positive

I think that was it. The media made it sounds like a pandemic when it was only a mild case of Hay Fever.