Is WeWork Going Bust?
Allwork
DECEMBER 16, 2022
Fitch, the third largest U.S. rating agency, has just downgraded WeWork’s unsecured bonds to CCC. . “A CCC rating represents an extremely high-risk bond or investment; banks are not allowed to invest in CCC-rated bonds. CCC bonds are junk bonds.” . It will do no good to the coworking industry if such a high-profile company crashes and burns. . The reason why “Is WeWork going bust?
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