Originally Posted by
Excargodog
It’s nothing short of comical to be reassured or try to reassure others by touting a stable B- rating in an era of rising borrowing rates. That rating should reassure no one who understands what the rating means or basic economics. And that applies to ANY bonds with a B- rating, so no, I’m not picking on AA. Nor is BBB “good” per se although it is at least investment grade at that point which is certainly better than B-.
What I posted is reality. I don’t like it any more than you do, but that doesn’t change the reality.
Well, I don’t know what to say to you other than count yourself among those that don’t understand the Fitch Issuer Default Ratings. The BBB rating is by very definition “good” and your opinion is irrelevant on the topic. It is their rating, and BBB is “good credit quality.” But by all means, double down on being wrong.
And again, I don’t think I can simplify this any more for you to understand. I said their rating is stable. That is a rate of change and is not a statement supporting or disparaging the rating itself. It is stable. It is not moving worse. That is the point I made that you still apparently can’t comprehend. Do you follow? B- is not good, but it is not getting worse at the moment. It is stable.
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