Ripple subsidiary Ripple Prime received a BBB "Medium Quality" rating from Kroll.

CoinFeed reported on April 2nd that, according to The Block, Kroll Bond Rating Agency (KBRA) has assigned a BBB "medium quality" issuer rating to Ripple Prime's U.S. brokerage and holding company, the lowest tier of investment grade. KBRA stated that Ripple Prime's business is still in an "expansion phase," with current revenue primarily concentrated in exchange-traded derivatives clearing and short-term U.S. Treasury financing. It aims to achieve profitability by 2025 after a cumulative $500 million investment from its parent company, Ripple Labs, and the acquisition of Hidden Road.