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These 6 ‘fallen angel’ companies had their debt ratings slashed to junk in April

In finance, a "fallen angel" is a company that had its debt rating reduced to junk status due to a deteriorating financial position.
WeWork's struggles continue.

Fitch downgraded WeWork’s debt even further into junk with a scathing assessment of its ‘precarious’ funding trap

WeWork will likely "dramatically scale back its growth" and is now rated CCC+, the third rung in a non-investment grade scale that Fitch operates.
Steve Carell as Mark Baum in The Big Short. Baum was based on Steve Eisman.

‘Big Short’ investor Steve Eisman just joined those sounding the alarm on rising corporate debt

Stocks of such debt have more than quadrupled since the crisis, standing at about $2.7 trillion.
Tesla CEO Elon Musk.

Giant tech firms like Uber and Tesla are lapping up junk debt — here’s why investors are lining up to lend it

WeWork, Uber, and Tesla are piling on cheap debt to fuel their growth plans, relying on their brand appeal to win funding deemed too risky for others.