DeFi
Bullish
S&P Global launches risk assessment framework for crypto lending vaults
S&P Global Ratings released its Vault Risk Assessment (VRA) framework on October 4, 2026, to evaluate impairment risk for onchain crypto lending vaults.
- S&P Global launched the Vault Risk Assessment (VRA) framework for onchain crypto lending vaults in October 2026
- The VRA uses letter grades with a "v" suffix, with AAA(v) representing the lowest impairment risk
- S&P clarified the VRA is not a traditional credit rating
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