Kroll gives Ripple Prime a "medium quality" BBB rating, which is the lowest investment grade

According to The Block, Kroll Bond Rating Agency (KBRA) has rated Ripple Prime's U.S. brokerage and holding company as "medium quality" with a BBB rating, which is the lowest investment grade.

Ripple Prime provides integrated trading, lending, and settlement services for institutional investors. KBRA noted that this rating reflects that its business is still in the "expansion phase," with revenue primarily concentrated in exchange-traded derivatives clearing and short-term government bond financing.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.