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Kroll assigns Ripple Prime a "Medium Quality" BBB rating, indicating the lowest investment grade.
ME News Report, April 3rd (UTC+8), ME News Report, April 3rd (UTC+8), Kroll Bond Rating Agency (KBRA) has rated Ripple Prime’s US broker-dealer and holding company as “Medium Quality” BBB, the lowest investment grade. Ripple Prime provides integrated trading, lending, and settlement services for institutional investors. KBRA noted that this rating reflects its business is still in the “expansion phase,” with revenue mainly coming from exchange derivatives clearing and short-term government bond financing. (Source: ChainCatcher)