S&P Assigns First-Ever Credit Rating to a DeFi Protocol With B

S&P Assigns First-Ever Credit Rating to a DeFi Protocol With B

S&P Global Ratings assigned Sky Protocol a B- rating with a stable outlook, marking the first time a credit rating company has assessed a DeFi protocol

S&P Assigns First Credit Rating on DeFi Protocol

S&P Global Ratings has published a B- (Stable Outlook) issuer credit rating for Sky Protocol (Sky), previously known as Maker Protocol, marking the first time a credit rating agency has issued a credit rating for a Decentralized Finance (DeFi) protocol. The news highlights the growing adoption of decentralized financial systems within the broader financial landscape. Sky Protocol is a decentralized lending protocol on the Ethereum blockchain tha…

S&P Assigns First Credit Rating on DeFi Protocol - Markets Media

S&P Global Ratings has published a B- (Stable Outlook) issuer credit rating for Sky Protocol (Sky), previously known as Maker Protocol, marking the first time a credit rating agency has issued a credit rating for a Decentralized Finance (DeFi) protocol. The news highlights the growing adoption of decentralized financial systems within the broader financial landscape. Sky Protocol is a decentralized lending protocol on the Ethereum blockchain tha…

What S&P’s first DeFi protocol rating unlocks for on-chain credit in 2026 - Coin Surges

S&P Global Ratings has issued its first credit rating for a decentralized finance protocol, assigning Sky Protocol a B-minus with a stable outlook. The rating, published August 8, applies to the protocol’s stablecoin liabilities, including USDS and DAI, as well as their interest-bearing versions, but does not extend to governance tokens. The move establishes a precedent for applying traditional credit evaluation frameworks to on-chain entities. …

Sky Ecosystem Credit Rating Marks a First for DeFi Platforms

Big news just came from the world of decentralized finance (DeFi). S&P Global Ratings, one of the biggest names in financial ratings, has given a credit score to Sky Ecosystem. What makes this special? It’s the very first time they’ve rated a DeFi platform. This was reported by Cryptonews.com and shows how DeFi is slowly becoming part of the mainstream financial world. What’s a Credit Rating, Anyway? Think of a credit rating like a report card f…