S&P: Widespread Blockchain Implementation Could Affect Ratings

What these credit ratings do is determine the cost at which governments and enterprises can issue debt. A lower rating will have an impact on the UK economy over the coming years. The Brexit has a lot of side effects that will affect the financial situation of both the EU and the UK. Moody’s one of the leading credit rating institutions in the world, lowered the UK’s sovereign credit rating. This “negative” outlook is not something most Britons were looking for, but they will have to face the consequences of their voting. Although not everyone pays much attention to credit ratings these....

One of the top corporate credit ratings providers believes it's too early for the use of blockchain tech to be a factor in its analysis. In a report published this week, Standard & Poor's (S&P) reportedly weighed in on the emerging technology, asserting that while it believes the "market-wide adoption" of blockchain technology remains far off, it continues to monitor its evolution due to its anticipated impact. Notably, S&P said it does not see the use of blockchain technology to be a ratings driver "in the near term or even perhaps in the long term". S&P continued: "But we consider that,....

The energy sector may soon be looking at widespread implementation of blockchain technology, indicates a survey conducted by Deutsche Energie- Agentur and ESMT Berlin. Bitcoin’s underlying blockchain technology is making inroads into every industry sector possible. The energy sector is one such industry which may soon see a widespread adoption. According to reports, a survey conducted by the Deutsche Energie- Agentur (German Energy Agency) and ESMT Berlin has indicated that many energy companies already have a blockchain technology roadmap in place for future implementation. The survey....

The widespread implementation of blockchain technology will take much longer than imagined due to its multidisciplinary aspects. The world is slowly moving towards distributed ledger technology. The potential advantages of blockchain technology are being discussed across industries and even governments. The recent implementation of blockchain based solutions into stock exchanges and trading platforms, the introduction of asset-backed crypto tokens and announcements made by the government stands proof of the increasing interest in cryptocurrency technology. Blockchain technology has gained....

American credit rating agency Fitch Ratings, one of the ‘Big Three’ credit rating agencies, has published a report that says stablecoin growth could affect securities and commercial paper (CP) markets. The agency says stablecoins could be “disruptive” and “stablecoin-related turbulence” could “transmit shocks” to other markets. Fitch Ratings: ‘Stablecoins Could Be Disruptive for CP Markets’ On Monday, the ‘Big Three’ credit agency Fitch Ratings published a report on stablecoins and the growth of....