Canary Wharf owners’ credit rating cut deeper into ‘junk’ territory

Further downgrade prompted concerns about debts as firm struggles to attract workers back after the pandemic

The owner of Canary Wharf has had its credit rating cut deeper into junk" territory over concerns about its debts as it struggles to attract workers back to the east London office hub after the pandemic.

The credit rating agency Fitch has further downgraded Canary Wharf Group, the landlord of the development, in a reflection of risks over an upcoming bond refinancing.