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WeWork Default A 'Real Possibility' After Fitch Downgrades Coworking Provider

Written by daryn | Dec 12, 2022 7:41:33 AM

Fitch Ratings has downgraded WeWork Cos. to CCC from CCC+, citing recent negative metrics pulling the company down, and the prospect of a weaker economy next year. Default for the coworking company is a real possibility, according to Fitch.