Moody's Rates Sky B3, Flagging Thin Capital Buffer
- —Moody's assigned Sky a B3 rating with a stable outlook
- —Sky holds about $90 million in equity against $10 billion in managed assets
- —The rating places Sky in Moody's speculative-grade category
Why it matters: The rating highlights thin capital backing at a major DeFi protocol and could weigh on institutional appetite for USDS.
Source: The Defiant