Fitch Ratings

Perspectivas de América Latina: Bolivia vende oro por dólares, Argentina prohíbe las criptomonedas fintech, Fitch mejora calificación crediticia de El Salvador

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Bienvenido a Latam Insights, un compendio de las noticias criptográficas y de desarrollo económico más relevantes de América Latina durante la última semana. En este asunto, Bolivia aprueba una ley para vender oro a dólares, the Central Bank of Argentina bans fintech…

Bitcoin-Embracing El Salvador President’s Re-Election Declaration Slammed

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Just over a year after overseeing El Salvador’s adoption of bitcoin, the Central American country’s 41-year-old president, Nayib Bukele, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele…

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

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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…

Las tres grandes agencias de crédito critican la adopción de Bitcoin en El Salvador — S&P Global advierte sobre "implicaciones negativas inmediatas"

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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…