Fitch Downgraded El Salvador’s Rating Citing Bitcoin Adoption RisksAmerican credit rating agency Fitch Ratings revealed downgrading El Salvador’s long-term foreign currency Issuer Default Rating to ‘CCC’ from ‘B-.’
It also pointed out the limited scope of the country’s domestic market financing as well as uncertain access to additional multilateral funding and external market financing considering high borrowing costs. Increased concerns with respect to debt sustainability due to the expected increase in GDP next year after modest improvement in 2021 is yet another factor.
The next housing revolution Yes accepting Crypto now Boxabl GalianoTiramani PaoloMBTiramani cryptocurrencies
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:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fitch lowers El Salvador’s rating due to Bitcoin adoptionAn increase in short-term debt, an $800 million payment due soon, and a high fiscal deficit contributed to the downgrade. nayibbukele SCROOGECOIN Is the REAL DEAL! If you Love crypto, love Texas Holdem Poker, Like making money, get in now! And buy SCROOGE before the casino beta is released in Q2. nayibbukele Bullish nayibbukele BTC on finex as a retirement fund to me.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Fitch Downgrades El Salvador to ‘CCC’ Weeks Before Bitcoin Bond IssueEl Salvador gets a downgrade from Fitch as the credit agency is concerned about nayibbukele's plan to issue bitcoin-backed bond. By thesamreynolds 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 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
Source: CoinDesk - 🏆 291. / 63 Read more »
El Salvador’s Rating Downgraded By Fitch For Adopting Bitcoin As Legal TenderFitch Ratings, one of the “big three” credit rating agencies, has lowered El Salvador’s long-term issuer default rating (IDR). In a Wednesday report, Fitch pinned the nation’s debt repayment capacity at a mere CCC from the previous B-. The downgrade stems primarily from El Salvador’s big bitcoin...
Source: CryptoPanicCom - 🏆 563. / 51 Read more »