NEW YORK - Fitch Ratings downgraded troubled co-working company WeWork and warned that the once high-flying start-up could default on its obligations.
Fitch cited the effects of the Covid-19 pandemic on WeWork's already struggling business model. The startup tried and failed to go public late last year. The spread of the coronavirus worsened WeWork's predicament as people opted to work from home, rather than in the communal offices the company rents out.
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Source: BusinessTimes - 🏆 15. / 51 Read more »
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