Morningstar plans to develop an evaluation system for blockchain debt securities

Morningstar Credit Ratings is planning to establish an evaluation system for debt securities issued in blockchain tokens to increase investor credibility with cryptographic assets. Morningstar's rating division will provide the public with a rating of one to five stars for cryptographic assets, and an advanced customization service that uses its internal model to help customers evaluate such investments. Public ratings may be available later this year, and premium services will be available by the end of 2020. Morningstar's bond rating system will be placed directly on the Ethereum blockchain and then extended to other blockchains.