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