It's certainly not a strong showing at the beginning of this new season. Drawing with Carolina, just a day after Carolina lost to a team ~#400 in the US, isn't an emphatic endorsement of how capable TH 2010G may be. Both game results were well below expectations (as shown), and if it continues as the season progresses - their rating will continue to adjust to the new performance level.
Not to reopen our endless conversation about this topic, but it goes to my point that teams get boosted in rating playing weak teams when there is no cross bracket play. Top Hat at #2 in the country was exactly that come to fruition. The ratings work, but there’s still ways to manipulate those ratings.