Moody's Expands into Crypto Market with Bitcoin-Backed Bond Rating

Moody's has made a significant move in the world of cryptocurrency by issuing its first credit rating on Bitcoin-backed bonds.

The company assigned a Ba2 rating to up to US$100 million of revenue bonds issued through the New Hampshire Business Finance Authority and collateralized by Bitcoin held in custody.

This development is seen as a cautious but meaningful step toward integrating digital assets into mainstream risk assessment. Moody's Investment Narrative Recap highlights the importance of this move, stating that it does not materially change the near-term story, but rather sits squarely inside one of the key catalysts for the stock.

The company's narrative projects $9.0 billion revenue and $3.0 billion earnings by 2028, requiring 7.3% yearly revenue growth and a $0.9 billion earnings increase from $2.1 billion today.