Strategy’s Rating Matches Sky Protocol’s
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Strategy’s B-minus rating equals that of Sky Protocol (formerly MakerDAO), which S&P scored the same in August due to centralized governance and weak capitalization.
To escape “junk bond” status, Strategy would need six rating upgrades — up to BBB-minus.
Despite the downgrade, MSTR stock rose 2.27% Monday, suggesting markets shrugged off the rating news.