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fitch ratings

  • Canary Wharf Group’s credit rating cut further into ‘junk’ amid office exodus

    Banking

    Canary Wharf Group's credit rating was cut deeper into "junk" status by Fitch as the east London financial district struggles to attract workers to its offices and battles an exodus of star tenants.

    As of June, CWG had £4.2bn of gross debt through complex structures including two other bonds maturing in 2026 and 2028 respectively.

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