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ZEC $388.88 +1.35%

Moody's assigns an investment-grade "A-bf" rating to OpenEden's token bonds

2024-06-20 11:14:23
Collection

ChainCatcher news, the global credit rating agency Moody's Ratings has granted an investment-grade "A-bf" rating to OpenEden's tokenized bonds.

This rating places OpenEden's TBILL token in the "investment-grade" quality category. According to Moody's "Rating Symbols and Definitions," "money market funds and bond funds rated A are considered to have many favorable investment values and characteristics, making them medium to high-quality investment instruments."

Additionally, OpenEden is the world's first and only tokenized U.S. T-Bill product to receive a credit rating.

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