They made some comments[1] before that change:
> Seems like when it comes to ratings it's pretty much all or nothing. Great videos prompt action; anything less prompts indifference. Thus, the ratings system is primarily being used as a seal of approval, not as an editorial indicator of what the community thinks about a video. Rating a video joins favoriting and sharing as a way to tell the world that this is something you love.
> We're glad there are so many awesome videos on YouTube, but all of this begs the question: if the majority of videos are getting five stars, how useful is this system really? Would a thumbs up/thumbs down be more effective, or does favoriting do the trick of declaring your love for a video?
[1]https://blog.youtube/news-and-events/five-stars-dominate-rat...