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

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.

Source: Digital Coin News (digitalcoinnews.net)

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..

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

nayibbukele thesamreynolds Laser downgraded

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

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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

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