Chaintimes
2022-02-10 11:53:30

American credit rating agency Fitch Ratings downgrades El Salvador over bitcoin adoption.

American credit rating agency Fitch Ratings lowered El Salvador’s long-term Issuer Default Rating (IDR) from B- to CCC, citing “policy unpredictability” and the “adoption of Bitcoin as a legal tender” as some of the factors that led to the downgrade. Apart from these, the statistical rating organization explained that reliance on short-term debt, an $800 million Eurobond […]Read full post American credit rating agency Fitch Ratings downgrades El Salvador over bitcoin adoption. on Chaintimes.com.

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