WeWork's junk bonds slashed again by S&P amid company turmoil, failed IPO

S&P Global downgraded WeWork's bonds further into junk territory late Thursday evening amid concerns the company might struggle to raise new capital to fund growth. 
The rating agency lowered WeWork's credit status to "B-" from "B" and changed its outlook for the company to negative from stable.
The downgrade follows the company's failed initial public offering and an executive shake-up that resulted in co-founder Adam Neumann stepping down as CEO. 
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