S&P Assigns First-Ever Credit Rating to a DeFi Protocol, Rates Sky at B-

S&P Global Ratings has made a significant move in the financial world by assigning its first-ever credit rating to a decentralized finance (DeFi) protocol, specifically rating the innovative platform, Sky, with a credit rating of B-. This landmark decision indicates a growing recognition of the importance and potential of DeFi protocols in the broader financial landscape, marking a pivotal moment for the integration of traditional credit assessment methods with emerging blockchain technologies. source: https://www.coindesk.com/business/2025/08/11/s-and-p-assigns-first-ever-credit-rating-to-a-defi-protocol-rates-sky-at-b