#DeFiGetsGraded
S&P (special reports) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics.
S&P Global has assigned its first-ever credit rating to a DeFi protocol, giving Sky a B- rating, marking a significant milestone in institutional adoption of decentralized finance.
This could pave the way for more traditional financial institutions to participate in DeFi by providing essential risk assessment frameworks.