The Coin Rise
2022-02-10 12:23:03

Fitch Ratings downgrades El Salvador rating to CCC, citing Bitcoin adoption as a reason

El Salvador is about to get another slap on the wrist from a traditional financial institution for its “forbidden” love for Bitcoin (BTC). El Salvador’s long-term Issuer Default Rating has been lowered by the American credit rating agency Fitch Ratings from B- to CCC, citing “policy unpredictability” and the “adoption of Bitcoin as legal tender” as some […]The post Fitch Ratings downgrades El Salvador rating to CCC, citing Bitcoin adoption as a reason appeared first on Blockchain, Crypto and Stock News.

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