Strategy Receives ‘B-’ S&P Rating — A Potential Boon for the Best Altcoins Lik...
Quick Facts: 1️⃣ The Michael Saylor-led Strategy Bitcoin treasury company received a ‘B-’ rating from S&P Global. 2️⃣ The rating reflects the risks related to Strategy’s narrow focus on Bitcoin, but S&P also shared its confidence in the company’s ability to meet its financial obligations. 3️⃣ S&P’s rating also puts the spotlight not just on […]
Related News
Analysts at Bernstein have made a bold prediction regarding MicroStrategy, now known as Strategy, the Bitcoin proxy firm co-founded by Michael Saylor. They forecast that it could amass over 1 million Bitcoin (BTC) by 2033, potentially positioning Strategy to hold 5% of BTC’s total supply. Strategy Stock (MSTR) Receives ‘Outperform’ Rating Led by analyst Gautam Chhugani, Bernstein’s research note reflects an updated bullish case based on Strategy’s strong Q4 financial results and its recent aggressive Bitcoin purchases. The firm has assigned an “outperform”....
The economic fallout from Britain’s surprise decision to leave the European Union could continue for a while, with Moody’s lowering the country’s long-term issuer and debt rating from “stable” to “negative.” The rating affects rates the UK must pay to borrow money. Both Moody’s and competitor Fitch had already set Britain’s credit rating at Aa1 (the....
Though the protocol offers an arguably lucrative yield of 4% per year, it's only available to accredited investors as of now. On Monday, decentralized finance, or DeFi, protocol Compound Treasury announced that it received a credit rating of B- from S&P Global Ratings. As told by the team at Compound, this represents the first time a major credit agency has issued a rating for an institutionalized DeFi protocol. The S&P Global Ratings' investment suitability scale ranges from AAA (extremely strong) to D (in default). A score of B- indicates the issuer can meet financial commitments, though....
Strategy Inc., the company led by Michael Saylor that rebranded from MicroStrategy, was hit with a junk credit grade on Monday as S&P Global Ratings flagged its heavy concentration in Bitcoin and weak dollar liquidity. Related Reading: Bitcoin Buzz: Michael Saylor Drops ‘Orange Dot Day’ Hint According to S&P, the firm’s balance sheet is tied closely to the price of Bitcoin and carries risks that traditional ratings models find hard to treat as stable collateral. Bitcoin Holdings Drive The Score Based on reports, Strategy’s Bitcoin stack is enormous — about 640,808 BTC on its books — worth....
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....