#DeFiGetsGraded S&P assigns the first credit rating to the DeFi protocol, Sky's rating of B-
S&P Global Ratings assigned Sky Protocol a rating of B- with a stable outlook, marking the first time a credit rating agency evaluated a DeFi protocol.
S&P Global Ratings assigned an issuer credit rating of B- (stable outlook) to Sky Protocol, a decentralized lending platform formerly known as Maker Protocol, for the first time in the decentralized finance (DeFi) industry.