Ripple Prime’s Inaugural BBB Rating Explained — What Drove Kroll’s Decision
Global credit rating agency Kroll has assigned an inaugural investment‑grade issuer rating of BBB to Ripple Prime, marking a notable endorsement from a traditional credit agency for a firm rooted in the crypto sector. Ripple Prime was formed after Ripple acquired Hidden Road for around $1.2 billion late last year and operates as the clearing […]
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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....
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 […]
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....
In an interview with Fortune’s Andrew Nusca, Ripple CEO Brad Garlinghouse provided an overview of the company’s strategic roadmap, their cautious approach to an initial public offering (IPO), and Ripple’s competitive edge over the traditional SWIFT network. A Ripple IPO Currently Not On The Table Garlinghouse was forthright about Ripple’s decision to hold off on […]
Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed. Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not.The company currently holds half the total XRP supply and has come under fire from the community for selling off tokens in the past, although it resolutely refuted claims of price manipulation and has stopped the practice in recent times.In a Twitter thread, Schwartz....