PANews, October 8: According to The Defiant, Moody’s has assigned a B3 rating to the decentralized finance protocol Sky Protocol, with a stable outlook. The rating places Sky Protocol in the speculative grade category. Moody’s noted that Sky’s capital buffer is relatively weak, with equity capital of approximately $90 million against assets under management of about $10 billion.
Moody's Assigns Sky Protocol a B3 Rating, Citing Weak Capital Buffers
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Summary
Moody's assigned a B3 rating to Sky Protocol in a recent protocol update, placing it in the speculative grade with a stable outlook. The agency cited weak capital buffers, noting equity capital of approximately $90 million against $10 billion in assets under management. This comes amid growing news surrounding real-world assets (RWA) as DeFi protocols expand into traditional financial markets.
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