Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks
February 10, 2022 bitcoin legal tender, El Salvador, el salvador bitcoin, El Salvador bitcoin legal, Finance, Fitch, fitch El Salvador, Fitch Ratings, IMF 0 Comments

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......