2022-9-16 13:15 |
Ratings company Fitch downgraded El Salvador's long-term foreign currency issuer default rating (IDR), saying it is likely to default on a bond repayment due January.
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Fitch Ratings, one of the “big three” credit rating agencies, has lowered El Salvador’s long-term issuer default rating (IDR). In a Wednesday report, Fitch pinned the nation’s debt repayment capacity at a mere CCC from the previous B-.
2022-2-11 19:46 | |
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“Policy unpredictability” and “adoption of Bitcoin as legal tender” are part of the reasons why the country has received a downgrade from Fitch.
2022-2-11 12:40 | |
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The rating agency recommended that financial institutions follow additional regulatory guidelines and policies to put barriers to entry to participate in the crypto market. The post El Salvador’s Bitcoin Adoption Doesn’t Pose any Material Financial or Market Risk to Banks: Fitch Ratings first appeared on BitcoinExchangeGuide.
2021-11-12 16:56 | |
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Fitch Ratings has warned that El Salvador’s move to regulate Bitcoin (BTC) as legal tender could negatively affect credit ratings of the country’s insurance sector. The global credit scoring agency has joined the pack of El Salvador’s Bitcoin adoption critics, stating concerns about the country’s poor articulation of the crypto’s implementation in mainstream markets.
2021-8-18 07:00 | |
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According to credit rating agency Fitch Ratings, El Salvador's adoption of Bitcoin as a legal tender may come to have unintended consequences. Bitcoin Adoption Could Lead To Negative Credit Rating President Nayib Bukele’s decision to grant benchmark cryptocurrency Bitcoin a legal tender status a few months ago came amid global applause from enthusiasts of the […] The post Top Credit Rating Agency, Fitch Ratings, Questions El Salvador’s Bitcoin Adoption first appeared on BitcoinExchangeGuide.
2021-8-17 17:05 | |
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The law is unnecessarily rushed and does not equip insurance companies to adapt to… The post Bitcoin adoption could damage El Salvador’s credit rating: Fitch appeared first on Coin Journal.
2021-8-17 15:01 | |
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One of the ‘Big Three credit rating agencies’ doesn’t expect large volumes in crypto-exposed funds in the next one to two years, but if other regulators follow Germany’s suit, AUM could eventually reach levels sufficient to pose greater financial stability risks.
2021-8-13 16:45 | |
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Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry.
2021-7-5 11:11 | |
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While El Salvador is all set to officially make Bitcoin a legal tender on Sept. 7 and preparing to airdrop $30 in BTC to its every adult citizen, rating agency Fitch says this step means banks face higher risks, including violating rules against money laundering and terrorism financing.
2021-6-28 04:08 | |
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Credit rating agency Fitch Ratings said that central bank digital currencies (CBDC) could disrupt financial systems as a result of disintermediation and cybersecurity threats. The post Fitch Ratings: CBDCs May Disrupt Financial Systems if Risks Not Managed appeared first on BeInCrypto.
2021-5-18 10:55 | |
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По мнению аналитиков рейтингового агентства Fitch Rating, в краткосрочной перспективе криптовалюты вряд ли повлияют на кредитную политику, но в будущем могут помочь в модернизации финансовой системы.
2021-2-15 09:59 | |
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Bitcoin started the week on a positive note after an unusually volatile weekend by recent standards. The BTC/USD price temporarily reached a local high of over $12,000. The eventful weekend was preceded by a credit-rating downgrade from Fitch who placed a “negative outlook” on the United State’s triple-A rating on Friday.
2020-8-4 22:43 | |
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Coinspeaker Major Credit Rating Agency Fitch Drums Up Support for Facebook’s Fiat-Backed LibraFacebook’s Libra cryptocurrency gets backing from a high-ranking entity, Fitch, with the credit rating agency stating that Libra is more secure compared to the other existing virtual currencies.
2019-6-25 15:38 | |
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As the wave of interest in Facebook's stablecoin Libra continues around the world, it appears that Mark Zuckerberg's foray into digital currencies has a new and powerful ally. Fitch, one of the big three credit rating agencies, gave it a thumbs up in a recent report.
2019-6-25 05:20 | |
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