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The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

Post author:MiamiCrypto
Post published:September 17, 2021
Post category:Big Three Big Three Credit Agency Bitcoin Bitcoin (BTC)Bitcoin Legal Tender Law Business Sector Caa1 credit Credit Agencies Crypto Adoption Downgrade El Salvador expenses Fitch Ratings Insurance Insurance Sector insurers IT absorption Moody's Negative negative rating News S&P Global S&P Global credit agency S&P Global ratings Salvadoran Congress Sept. 7 Tender Law

All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch…