Fitch lowers El Salvador’s rating due to Bitcoin adoption

by Aurelia Butler 10 February 2022, 10:20 99 Views

American credit rating agency Fitch Ratings has lowered El Salvador’s long-term Issuer Default Rating from B- to CCC, mentioning “policy unpredictability” and the “adoption of Bitcoin as legal tender” as some of the factors that led to the downgrade.

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Fitch lowers El Salvador’s rating due to Bitcoin adoption

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