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El Salvador's Debt Rating Cut to CC by Fitch

The rating agency said the country is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption.

Updated May 11, 2023, 4:21 p.m. Published Sep 16, 2022, 10:15 a.m.
El Salvador President Nayib Bukele (Nayib Bukele/Getty Images)
El Salvador President Nayib Bukele (Nayib Bukele/Getty Images)