The ratings agency of financial institutions Weiss Ratings announced that it  will issue risk assessments of various cryptocurrencies  as of January 24. In this way, it could become the first agency of its kind to issue ratings for cryptoactives.

According to the publication  of Weiss Ratings, among the cryptoactives that will be qualified are the first fifteen cryptocurrencies on the market: Bitcoin , Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin, Stellar, NEM, EOS, NEO, IOTA, Dash, Monero, TRON and Bitcoin Gold. They also indicated that many others will be evaluated, but did not specify what it was.

The agency said that they will take into account the commercial pattern of each cryptocurrency, its use and other data to carry out its analyzes, which will be carried out through an “innovative model”,

Risk notes or ratings are generally used as indicators for the solvency of a financial institution, a debt instrument, or a country. In this way they serve as indicators of the default risk of an entity or of a specific asset, where at higher risk, higher interest, or otherwise, at lower risk, lower interest. However,  Weiss Ratings still does not specify how your notes for cryptocurrencies will work .

Weiss Ratings is characterized by being an independent rating agency and by not accepting commissions from those companies it evaluates. Neither does it grant the opportunity to know in advance the level of its qualification and never eliminate publications to requests of the companies. Founded in 1971, the agency issues ratings for more than 40,000 listed shares and investment funds (ETFs) and more than 16,000 banks, credit companies and insurers.

This agency is not the only one that has announced that it will provide financial information services for the cryptocurrency market. Recently the company Intercontinental Exchange (ICE)  allied with Blockstream  to provide data service quote bitcoin and other criptomonedas  to begin operations in the first quarter of this year.

It should be noted that as the adoption and incursion of cryptocurrencies into the global financial markets deepens , services of this type are a natural reaction of the market, which could partially alleviate the uncertainty that exists around cryptoactives.