Brews & Burgers: Harvey's To Go | SaltWire #harveys #burger #beer #foodbloggerLONDON - El Salvador is more likely to get a new IMF deal in the next 18 months rather than the multiple credit rating upgrades it has set as a target in a pioneering new bond, Moody's has told Reuters.
The alternative target of an IMF programme looks more possible he said, although there is the key stumbling block of Bukele's decision to make bitcoin an official currency in El Salvador, something the IMF has been highly critical of. He said that while the new bond was the first time rating agencies' scores will directly determine a country's debt cost, it would not impact their decisions.
Source: Loan Digest (loandigest.net)
El Salvador IMF Credit Rating Bond Moody's
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