Kroll Assigns Ripple Prime an Investment-Grade BBB Issuer Rating
According to KBRA, Ripple Prime and its U.S. broker-dealer holding company received a BBB rating, with the assessment noting concentration in exchange derivatives clearing and short-term Treasury financing revenue.
KBRA assigned Ripple Prime and its U.S. broker-dealer holding company a BBB issuer rating, the lowest investment-grade tier. Ripple Prime provides trading, lending and settlement services for institutional investors. The latest update adds that KBRA said the company’s revenue is concentrated in exchange derivatives clearing and short-term Treasury financing. Earlier details cited in the topic said Ripple Prime became profitable in 2025 after about $500 million in parent funding and the Hidden Road acquisition, with Ripple’s balance sheet strength, including cash and XRP holdings, also referenced in the credit assessment.
- Issuer rating: A credit assessment of an entity’s overall ability to meet its financial obligations.
- Investment grade: A credit quality category generally viewed as having relatively lower default risk than speculative-grade ratings.
- XRP: A digital asset associated with the XRP Ledger that is used in Ripple-related payment and liquidity products.