S&P changes Workspace view to negative

S&P said it revised the outlook for Workspace Group to negative from stable.

“Since March 23, following the U.K. government's measures to stop the spread of the coronavirus, customers' visits to Workspace business centers have reduced significantly. All centers remain open to customers that still require access for essential business activities, but with a significantly reduced service, in line with government guidelines,” said S&P in a press release.

“We understand the company has received requests from several tenants for some form of rent relief,” the agency said.

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