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CoinGape 2021-07-31 09:00:54

Moody’s downgrades El Salvador, Cites Bitcoin Legal Tender as Key Reason Behind International

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. Moody’s cited two key reasons for The post Moody’s downgrades El Salvador, Cites Bitcoin Legal Tender as Key Reason Behind International appeared first on Coingape.

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