Moodys removes WeWork bond rating

By Frances Ivens2018-08-29T17:08:00

Moodys has withdrawn its credit rating of WeWork’s bonds, issued in April, citing ‘insufficient or otherwise inadequate information to support maintenance of the ratings’.

At the time of the sale the ratings agency ascribed a B3 rating to the $702m worth of notes, labelling them as ‘speculative’ long term and ‘not prime’ short term.

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