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      Moody’s Assigns First Credit Rating to Bitcoin-Backed Municipal Bonds

      Moody's has issued its inaugural credit rating for Bitcoin-backed revenue bonds, specifically those associated with the New Hampshire Business Finance Authority's Waverose Finance Project. The rating, a provisional Ba2, applies to bonds worth up to $100 million set to mature in 2029. These bonds are secured by Bitcoin collateral that is managed by BitGo Bank & Trust.

      This development marks a significant step in the integration of traditional credit analysis with the emerging market of digital-asset-backed securities. By extending its ratings framework to include crypto-collateralized municipal debt, Moody's is paving the way for a new category of financial instruments that combine conventional finance with cryptocurrency.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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