Boltgrrrrrrrl
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boltgrrl.bsky.social
Boltgrrrrrrrl
@boltgrrl.bsky.social
790 followers 89 following 610 posts
Disabled former RN: adoptee: exvangelical: owned by cats 😸
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Reposted by Boltgrrrrrrrl
maxkennerly.bsky.social
"Investment grade" isn't a holy writ. One cause of the subprime mortgage crisis was the improper rating of >$3 trillion in bad credit / undocumented income mortgages as "AAA," the highest level.

And let's not be naïve: the ratings agencies don't audit borrowers, they use what they're given.
Of the $40 trillion private credit market, roughly $38 trillion is debt rated as investment grade, about 95% of the market. This vast pool is split between bank balance sheets and investors and plays a critical role in financing the economy. Increasingly, long-dated private credit held by pension funds and insurers is financing the long-term needs of critical infrastructure — from energy transition to data and manufacturing — providing the patient, flexible funding that traditional markets cannot offer. Simply put, banks generally finance shorter durations while investors finance longer ones. Myth No. 1: Private credit is not rated. Investment-grade private credit is almost always rated, either internally by a bank or externally by ratings companies. The largest and best-known of these — Moody’s, S&P and Fitch — have the largest share of ratings in this market. Most private credit held by insurers and other financial institutions is rated investment grade. At Apollo’s Athene subsidiary, for example, roughly 97% of fixed-income assets are investment grade, and only 0.35% is levered loans that are below investment grade — typical for well-run insurance companies.
December 3, 2025 at 2:49 PM
Reposted by Boltgrrrrrrrl
jamellebouie.net
to reiterate a point from the column trump’s pardons of fraudsters and corrupt politicians should be understood as an expression of his belief that corruption should not be a crime
December 3, 2025 at 4:02 PM