Ripple Prime, the main multi-asset brokerage subsidiary of Ripple, has received a credit rating from KBRA. The agency pointed to the strength of the company's capital position, including its holdings of XRP, as one of the reasons for this rating. KBRA has assigned a BBB rating to Ripple Prime Issuer. In a press release, KBRA announced that it has given Ripple a major credit rating of (BBB). The agency highlighted the company's strong capital position, noting that Ripple had nearly $5 billion in cash reserves as of the end of Q3 last year. KBRA also noted that the company held 40 billion XRP tokens as of Q3 last year. The agency added, "The parent company's profitability has been good in recent years, although it is heavily driven by digital asset activity, including XRP sales." However, the credit rating agency also mentioned that Ripple's revenues remain concentrated and could be affected by fluctuations in XRP's price and liquidity conditions, especially during extended market downturns. It is worth noting that Ripple acquired Hiden Road last year, which rebranded as Ripple Prime. KBRA explained that the alignment of the company's operational and holding company ratings reflects the expected support from the parent company. The agency believes that if bonds are issued or if regulatory restrictions or liquidity constraints limit dividends from the operating company, Ripple is likely to provide financial support. The agency added, "Therefore, strong financial backing from the parent company is a key factor in both..."