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Endeavor's Credit Rating Downgraded by Moody's

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Five days after Endeavor confirmed layoffs, staff cuts and pay cuts that will impact roughly a third of its 7,500-person workforce, the firm has been hit with a credit ratings downgrade from Moody's.

The financial services company on Monday revised its credit facility ratings on Endeavor — the parent company of talent agency WME, modeling agency IMG, Ultimate Fighting Championship and Professional Bull Riders — from stable to negative.

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Brazil
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