WeWork’s Latest Death Knell: Another Credit Downgrade After Dismal Q2
Allwork
AUGUST 17, 2023
Why it matters: The downgrade of WeWork’s credit rating into less-than-junk territory is another significant blow indicating the company’s waning financial health and its ability to meet its obligations. IWG, one of WeWork’s major competitors, recorded a significant 48% profit increase so far in 2023.
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