Category: Fitch Ratings

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

By admin 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......

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The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

By admin September 17, 2021 Big Three, Big Three Credit Agency, Bitcoin, Bitcoin (BTC), Bitcoin Legal Tender Law, Business Sector, Caa1, credit, Credit Agencies, Crypto Adoption, Downgrade, El Salvador, expenses, Fitch Ratings, Insurance, Insurance Sector, insurers, IT absorption, Moody's, Negative, negative rating, News, S&P Global, S&P Global credit agency, S&P Global ratings, Salvadoran Congress, Sept. 7, Tender Law 0 Comments

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......

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