Fitch Downgrades El Salvador to ‘CCC’ Weeks Before Bitcoin Bond Issue

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

El Salvador gets a downgrade from Fitch as the credit agency is concerned about nayibbukele's plan to issue bitcoin-backed bond. By thesamreynolds

El Salvador's President Nayib Bukele has downgraded El Salvador’s long term foreign currency issuer default rating to ‘CCC’ from ‘B-’ weeks before the country starts issuing its bitcoin bond.

The South American nation faces close to $1.2 billion in external debt amortizations in 2023, with $800 million due in January, Fitch noted. Fitch also said that the country faces a financing gap of $1.2 billion in 2022, which would rise to $2.5 billion in 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

nayibbukele thesamreynolds I do not support any politician. but the IMF wants to put on the gag and continue to rule in exchange for 'helping the people '. Everything is a reason to disqualify the country. And where are the people in this?

nayibbukele thesamreynolds So Bullish I don't care what the Fed have in mind..

nayibbukele thesamreynolds

nayibbukele thesamreynolds They will lose some amount of usdt because of this

nayibbukele thesamreynolds Laser downgraded

nayibbukele thesamreynolds Essentialcoin

nayibbukele thesamreynolds Many will very soon understand the positive impact of this soon. PowerPoolcvp as finally introduces it's first yield harvesting StableSwap pool built using Balancer v2 and Liquity.

nayibbukele thesamreynolds GREENCHARTbsc

nayibbukele thesamreynolds $SEKU, A tree meme that connects real world and crypto world 🌟 RWANFT Ecosystem 🌟 Sekuya Multiverse 🌟 Advanced DEX 🌟 Backed by Institutional Investors 🌟 More to be revealed! PRESALE 11 FEB! 🌘 Join: sekuyaofficial SEKU SEKUYA MULTIVERSE GGWP

nayibbukele thesamreynolds Fitch? Downgrade? Those 2008 AAA scammers? You simply can’t make this shit up!!😂😂😂😂

nayibbukele thesamreynolds Bitcoin: 'who's this Fitch guy?'

nayibbukele thesamreynolds Do yourself a favor and look up sombranetwork

nayibbukele thesamreynolds Isn't that the same agency partly responsible for Lehman and the world wide crash 2008?..and thus the reason that btc exists? crypto

nayibbukele thesamreynolds 😂😂

nayibbukele thesamreynolds Hey!You've heard of the next project that will have over 1 trillion dollars market cap !If not,its not too late, join right now Crypto Investors are trying to buy an island and Tokenize it's ownership cryptoisland CryptoIslandDAO CISLA DAO Crypto BSC

nayibbukele thesamreynolds Ever dreamed of owning a private island? The Crypto Island DAO is your chance to become a co-owner of a real private island in the Bahamas and be a part of our governance system. Check it out now on: CryptoIslandDAO CISLA IslanderElites DAO ETH

nayibbukele thesamreynolds Join the CISLA community as cryptoislandinc introduces DAO, an innovative feature to the platform. ⭐Think of your future. ❤️Let yourself be free. 💥Take advantage of new ideas. Is this the era we've been waiting for? CryptoislandDAO CISLA Cryptoisland ConstitutionDAO

nayibbukele thesamreynolds Our goal is to buy a real island, and to build a metaverse island as well! Socialize, start a company for passive income, learn, build and even date in our Metaverse. All owned by the community! CrypyoIslandDAO Metaverse eth BTC

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in LOANS

Loans Loans Latest News, Loans Loans Headlines