en
Back to the list

Moody's downgrades El Salvador’s long-term foreign currency issuer rating, and it has a Bitcoin connection

source-logo  coingape.com 31 July 2021 10:01, UTC

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation.

coingape.com