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3232Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks
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Thu, 10 Feb 2022 22:30:55 +0000https://www.digit.info/2022/02/10/fitch-ratings-downgrades-el-salvador-deeper-into-junk-status-citing-bitcoin-risks/Read more]]>One 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 […]
One 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 […]