Slow to catch up
By Thomas K. Brown,
OUT OF THE BARN: How helpful! After bank stocks crashed and burned in the month of March . . .
![](https://bankstocks.wpenginepowered.com/wp-content/uploads/2023/05/bkx.jpg)
. . . the rating agencies finally got around to downgrading their debt in April:
![](https://bankstocks.wpenginepowered.com/wp-content/uploads/2023/05/rating-agencies.jpg)
Those people sure do add value, don’t they?
Slow to catch up
By Thomas K. Brown,
OUT OF THE BARN: How helpful! After bank stocks crashed and burned in the month of March . . .
. . . the rating agencies finally got around to downgrading their debt in April:
Those people sure do add value, don’t they?