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 Сryptocurrency exchanges => Binance - Сryptocurrency exchanges => Topic started by: Bitcoin on Oct 01, 2022, 08:27 pm

Title: El Salvador Faces Turmoil as Bitcoin Value Plunges - TheStreet
Post by: Bitcoin on Oct 01, 2022, 08:27 pm
El Salvador Faces Turmoil as Bitcoin Value Plunges - TheStreet

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Fitch lowered El Salvador's rating to CCC in February due to "heightened financing risks stemming from increased reliance on short-term debt, an USD 800 million Eurobond repayment due in January 2023, a still-high fiscal deficit, limited scope for additional local market financing, uncertain access to additional multilateral funding and external market financing given high borrowing costs." El Salvador was lowered to CCC+ by S&P Global Ratings since there are many challenges for the country to obtain more financing.

Travis Boylls is a Technology Writer and Editor for wikiHow. He studied graphic design at Pikes Peak Community College. This article was written by Travis Boylls. Travis has experience writing technology-related articles, providing software customer service, and in graphic design. He specializes in Windows, macOS, Android, iOS, and Linux platforms.

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The Central American country's dollar debt ranks as the worst performing one. El Salvador has several obstacles, including large fiscal deficits, an $800 million bond that is due in January and a thin cash reserve.

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Source: El Salvador Faces Turmoil as Bitcoin Value Plunges - TheStreet (http://binancecryptocurrency-exchanges.uniteltu.gq/?qa=8650&qa_1=el-salvador-faces-turmoil-bitcoin-value-plunges-thestreet)

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