Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks

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Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin RisksOne of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender has added uncertainty about the potential for an IMF program that would unlock financing […]

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