{"id":17950,"date":"2019-10-03T13:25:56","date_gmt":"2019-10-03T11:25:56","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=17950"},"modified":"2019-10-03T13:25:56","modified_gmt":"2019-10-03T11:25:56","slug":"ethereum-eth-credit-ratings-agency-morningstar-to-rate-securities-assets-issued-on-the-blockchain","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-eth-credit-ratings-agency-morningstar-to-rate-securities-assets-issued-on-the-blockchain\/","title":{"rendered":"Ethereum [ETH] \u2013 Credit Ratings Agency Morningstar to Rate Securities Assets Issued on the Blockchain"},"content":{"rendered":"
Chicago-based traditional financial instruments rating agency Morningstar Credit Ratings<\/strong> is venturing into the nascent blockchain industry where it will not only rate blockchain-based projects but also record its ratings on the leading smart contracts blockchain Ethereum<\/a><\/strong>. <\/span><\/p>\n Forbes reported the news this week basing its information on an interview with the agency\u2019s COO Michael Brawer. <\/span><\/p>\n \u201cWe\u2019re looking to see how we can provide credit opinions, whether it\u2019s a credit rating or different types of credit data and credit analytics that accompany those debt instruments, and we\u2019re also looking to provide our services on a blockchain,\u201d <\/span><\/em>Brawer told Forbes.<\/span><\/p>\n Morningstar has made its name through association with leading securities providers such as TD Ameritrade<\/a><\/strong>, Morgan Stanley and the like raking up more than $1 billion in revenue over the last year. The agency rates both public company and government-issued bonds as well as exchange-traded funds (ETFs) giving each product a rating of between 1 and 5 in terms of its returns factoring in its risk elements.<\/span><\/p>\n With its latest foray into the blockchain world, Morningstar will be rating products and securities issued on the blockchain but backed by offline assets such as real estate. <\/span><\/p>\n \u201cWe\u2019re working very closely with a number of blockchain-oriented firms who are looking to issue debt instruments on a blockchain,\u201d <\/span><\/em>Brawer said.<\/span><\/p>\n\n\n