El Salvador’s long-term foreign currency issuer default rating (IDR) was reduced by Fitch Ratings from “CCC” to “CC,” citing the country’s “dire” liquidity condition as its January bond maturity date gets closer. The decision is in line with Fitch’s assessment that country’s “tight fiscal and external liquidity positions, extremely limited market access, high fiscal financing […]The post Fitch further downgrades El Salvador IDR rating to ‘CC,’ citing ‘dire’ liquidity condition appeared first on Blockchain, Crypto and Stock News.
