⬆ +12 Fitch downgrades El Salvador rating on debt concerns $BTC bitcoin blockchain cryptocurrency XBT
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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
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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 (IDR) to 'CCC' from 'B-.'
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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...
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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.
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Here’s how El Salvador is trying to improve the Chivo WalletFollowing issues with its Chivo Wallet, El Salvador's government has brought on at least two U.S.-based companies to help improve the app.
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El Salvador plans to issue first bitcoin bond next monthEl Salvador plans to issue its first billion dollar 'bitcoin bond' next month, finance minister Alejandro Zelaya said on February 8.
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