Ripple Prime Gets BBB Rating From Kroll, Reflecting Strong Capital Support And Early Profitability

Ripple Prime, the institutional brokerage arm that grew out of Ripple Labs' stealth acquisition, has received BBB issuer ratings for both its holding company and primary operating subsidiary from Kroll Bond Rating Agency (KBRA), the firm said on Thursday.

This is it: global credit rating agency Kroll has assigned Ripple Prime an investment-grade rating (BBB), reflecting its financial strength, business expansion and the performance of its emerging prime brokerage platform.

Built on a cultural intersection…

— Ripple (@Ripple) April 2, 2026

KBRA provides independent credit ratings across sectors using quantitative and qualitative analyses, sector-specific methodologies and a committee-driven process for consistent and forward-looking assessments. He is widely recognized for his expertise in structured finance and specialized sectors.

The BBB rating represents a strong, investment-grade rating, indicating that the company has sufficient financial strength, operational discipline and risk management, but may face pressure during severe economic or market stress. It ensures the integrity of institutional and investor confidence by showing areas for improvement.

KBRA highlighted Ripple Prime Liquidation's business model focused on short-term US government securities with a focus on clearing, brokerage and reserve activities.

The company's balance sheet expanded significantly in 2025, with a $500 million capital gain from Ripple. The rating reflects expected parent support, strong capital levels and ethical risk management, and management plans to diversify products and talent.

Revenues are still growing but are expected to improve in 2026 as new revenue streams and balance sheet growth materialize.