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Prospect News home > News index > List of issuers W > Headlines for WeWork Cos. LLC > News item
Published on 11/3/2023 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Fitch downgrades WeWork

Fitch Ratings said it downgraded WeWork Cos., LLC and WeWork Inc.'s (together WeWork) long-term issuer default ratings to Restricted Default, RD, from C as the 30-day grace period under the indentures governing WeWork's senior secured notes that the company entered on Oct. 2 expired.

However, Fitch did affirm WeWork's first-lien secured notes at CC/RR3 and both the second-lien secured notes and unsecured notes at C/RR6.


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