Moody’s assigns ‘A-bf’ rating for OpenEden’s tokenized fund
OpenEden’s TBILL received an ‘A-bf’ rating from Moody’s Ratings on June 19, as more T-Bills are going onchain.
Global credit rating agency Moody’s Ratings has granted an ‘A-bf’ bond fund rating to Hill Lights International Limited, responsible for the issuance of OpenEden’s tokenized U.S. Treasury bills, known as TBILL Tokens.
The “A-bf” rating is a high credit rating, suggesting that the bond fund is viewed as having a strong capacity to meet its financial goals. A superior grade would be the classic triple-A (AAA) rating. Moody’s is considered one of the top three global credit rating agencies, alongside Standard & Poor’s and Fitch Ratings.
The fund primarily invests in U.S. Treasury bills, or government securities. They are considered a safe investment since they are backed by the U.S. government.
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Author: Ana Paula Pereira
