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3232The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’
https://www.digit.info/the-big-three-credit-agencies-critique-el-salvadors-bitcoin-adoption-sp-global-warns-of-immediate-negative-implications/
Fri, 17 Sep 2021 22:00:58 +0000https://www.digit.info/2021/09/17/the-big-three-credit-agencies-critique-el-salvadors-bitcoin-adoption-sp-global-warns-of-immediate-negative-implications/Read more]]>All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.” […]
]]>Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers
https://www.digit.info/big-three-credit-agency-fitch-warns-el-salvador-adopting-bitcoin-will-negatively-affect-insurers/
Tue, 17 Aug 2021 15:00:28 +0000https://www.digit.info/2021/08/17/big-three-credit-agency-fitch-warns-el-salvador-adopting-bitcoin-will-negatively-affect-insurers/Read more]]>Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal tender in the country. Fitch believes that after the country enforces the new tender law it will face “volatility risk” alongside “regulatory and operating risks” […]
All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch Ratings published reports on the matter in El Salvador, S&P Global said that the bitcoin adoption has had “immediate negative implications for its credit rating.” […]
Fitch Ratings, the American credit agency and member of the ‘Big Three’ credit agencies, has published a paper on El Salvador’s adoption of bitcoin and making the crypto asset legal tender in the country. Fitch believes that after the country enforces the new tender law it will face “volatility risk” alongside “regulatory and operating risks” […]