Moody's and Fitch were made all powerful by the US government especially after the creation of the mortgage industry.
Having a challenged rating history, now they set themselves to lower the credit rating of their Creator: the US government. How do you lower the rating of the risk free rate? Doesn't this make the whole world riskier by default? If this is not Nietzsche at work, I don't know what else is. Thus Spoke Zarathustra. The model becomes the new reality.
