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S&P Global assigns ‘B-’ credit rating to Sky Protocol, first for DeFi protocol

S&P Global assigns ‘B-’ credit rating to Sky Protocol, first for DeFi protocol

2025-08-11

S&P Global assigns ‘B-’ credit rating to Sky Protocol, first for DeFi protocol

S&P Global’s credit rating of Sky Protocol reflects key concerns over governance centralization, weak capitalization and regulatory uncertainty.

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