Kategorija: Fitch Ratings

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

Just over a year after overseeing El Salvadors adoption of bitcoin, the Central American countrys 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

One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvadors 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......

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

All of theBig Threecredit agencies have said that El Salvadors adoption of bitcoin could affect the countrys credit rating in a negative manner. After both Moodys and Fitch Ratings published reports on the matter in El Salvador, S&P Global......