In Industry First, S&P Gives Compound Prime Junk Credit Rating
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The DeFi protocol is the first to receive a credit rating from S&P Global Ratings Low capital base, increasing regulatory scrutiny and return obligations were areas of concern for credit raters…
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Bitcoin Magazine Strategy (MSTR) Earns S&P ‘B-’ Rating, Marking a Major Milestone for Bitcoin-Backed Credit For the first time in financial history, a major credit rating agency has formally evaluated a company built on a bitcoin-backed credit model. In news covered by Bitcoin Magazine, the S&P Global Ratings has assigned…
Metaplanet sold 10,000 Bitcoin and later bought back 11,000 BTC to strengthen its credit profile and expand beyond accumulation during the third quarter. The Tokyo-listed company said it converted enough Bitcoin into cash during the third quarter to exceed the outstanding principal of its bonds, borrowings, and other interest-bearing debt.…
Creditlink, an on-chain credit protocol, has announced a collaboration with Terminus Network, a crypto payment and RWA platform. This partnership will enable Terminus Network to carry out an assessment of eligible borrowers and improve fund accessibility for creditworthy users on its platform. On the other hand, Creditlink will use this…