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Moody’s Says El Salvador Rating Unchanged After Bukele Expletive

  • Bitcoin-trading leader said nation doesn’t care about Moody’s
  • Agency has taken no action on El Salvador’s rating since July
Nayib Bukele speaks at the closing ceremony of the Latin Bitcoin conference at Mizata Beach, El Salvador, on Nov. 20, 2021.

Nayib Bukele speaks at the closing ceremony of the Latin Bitcoin conference at Mizata Beach, El Salvador, on Nov. 20, 2021.

Photographer: Marvin Recinos/AFP/Getty Images

Moody’s Investors Service said Tuesday its credit rating for El Salvador remains unchanged after President Nayib Bukele appeared to take as fact an inaccurate tweet saying that the country was downgraded.

Bukele was responding to a financial website which said his Bitcoin trades had led Moody’s to cut the nation’s sovereign debt. El Salvador, the president said on Monday, “DGAF”, a popular expletive-laced abbreviation for not caring.