WeWork default is a real possibility, warns Fitch Ratings

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[NEW YORK] Fitch Ratings downgraded troubled co-working company WeWork and warned that the once high-flying startup could default on its obligations. Read more at The Business Times.

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On Thursday, the agency said it lowered the company's long-term issuer default rating to CCC from CCC+. That indicates"substantial credit risk" and suggests"default is a real possibility", according to Fitch's rating scale.

 

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