Kroll Assigns Ripple Prime a "Moderate Quality" BBB Rating, the Lowest Investment Grade

Odaily News Kroll Bond Rating Agency (KBRA) has assigned Ripple Prime's US broker-dealer and holding company a "moderate quality" BBB rating, which is the lowest investment grade. Ripple Prime provides integrated services of trading, lending, and settlement for institutional investors. KBRA noted that this rating reflects its business is still in an "expansion phase," with revenue primarily concentrated on exchange derivatives clearing and short-term treasury financing. (The Block)