El Salvador, the first to make bitcoin legal tender, debt rating cut again at Fitch

Sep. 16, 2022 4:36 PM ETBitcoin USD (BTC-USD)By: Max Gottlich, SA News Editor32 Comments

El Salvador flag with Bitcoin icons above


Once again, Fitch has downgraded El Salvador's long-term foreign currency issuer default rating to CC from CCC on Friday, further into junk territory. The country was the first to make bitcoin (BTC-USD) legal tender last year.

Fitch pointed

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