Credit risk

Bukele’s Bitcoin Trade Increases El Salvador’s Sovereign Credit Risk: Moody’s By Cointelegraph

© Reuters.

El Salvador’s historic embrace of (BTC) could negatively affect the country’s sovereign credit outlook, according to Moody’s Investors Service.

Moody’s analyst Jaime Reusche Recount Bloomberg this week that El Salvador’s Bitcoin bet “certainly adds to the risk portfolio” of a country that has struggled with liquidity issues in the past.

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