Tag Archives: Fitch Ratings

Internal crisis in the Supreme Court

Fitch Ratings has downgraded El Salvador’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘CCC’. In Fitch’s view, weakening of institutions and concentration of power in the presidency have increased policy unpredictability, and the adoption of bitcoin as legal tender has added uncertainty about the potential for an IMF program that would unlock financing for […]