Tru-Sharp has never been 440A or 420J. It is 420HC, as documented by Case themselves (see link below); so, it's no mystery. Case does it pretty well for a basic stainless steel designed for simple EDC uses, like box/package opening, food prep, gardening/pruning, etc. It's very easy to sharpen up to shaving (hair-popping, hair-whittling) sharpness, and is maintained easily on most any choice of stones, from Arkansas stones up through diamond hones. That's actually what I consider to be one of it's best attributes, as it's almost worry-free to sharpen and maintain, no matter what sharpening tools may be at hand. A steel that responds so favorably to many different sharpening media is a mark of high quality, to me, and anything but 'poor' in quality. Same can be said about other quality brands using similarly-alloyed stainless, like Victorinox and Opinel. And some makers' 440A is pretty good as well, such as Camillus & Buck Knives (by Camillus), and Kershaw, whom made very good use of it, for example.
http://www.bladeforums.com/forums/showthread.php/1212920-420HC-Thoughts?p=14034913#post14034913
If perception of 'quality' is based upon other attributes, like high wear resistance (D2, S30V, ZDP-189 and other tool steels or so-called 'super steels'), then you're talking an apples-vs-oranges comparison, which is meaningless as a comparison of quality. One is designed and made for wear resistance, and the other for corrosion resistance and simplicity & economy of upkeep. Nothing to do with quality of manufacture, which is defined by purity of the alloy and consistency of heat treat, for example; but each is made with different end-use objectives in mind.
David