Moody's lowered El Salvador's risk rating as an issuer from Caa1 and Caa3

  • with a negative outlook
  • Issued a warning to investors: the potential losses would exceed those usually suffered with other debtors in a similar credit situation.
  • The possibility of a "credit event" in El Salvador is highly serious, whether it is a default, restructuring or debt swap

Report is here, I used a translation service.

Adopting Bitcoin does not seem to have solved all the country's problems. BTC update:

btc 05 May 2022