Cushman & Wakefield Receives Credit Rating Upgrade to ‘BB’ from S&P Global Ratings, Outlook Stable
Business Wire•06/10/2026•16:30 ET
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Key Highlights
- ➤S&P upgrades Cushman & Wakefield issuer credit rating to BB from BB-
- ➤S&P revises Cushman & Wakefield outlook to stable from positive
- ➤Moody’s upgraded Cushman & Wakefield’s corporate family rating to Ba3 from B1
- ➤Cushman & Wakefield reported 2025 revenue of $10.3 billion
Expert Statements
Michelle MacKay, Chief Executive Officer at Cushman & Wakefield
“Back-to-back upgrades from two of the leading rating agencies are a meaningful endorsement of the progress we have made strengthening our balance sheet and the durability of our business.”
Michelle MacKay, Chief Executive Officer at Cushman & Wakefield
“Our teams around the world have stayed focused on cash generation and financial flexibility, and we intend to build on this momentum as we continue investing in our clients and our platform for the long term.”
Cushman & Wakefield Receives Credit Rating Upgrade to ‘BB’ from S&P Global Ratings, Outlook Stable
Cushman & Wakefield (NYSE: CWK), a leading global commercial real estate services firm, announced today that S&P Global Ratings (“S&P”) upgraded CWK’s issuer credit rating to BB from BB- and revised the outlook to stable from positive. The upgrade is another acknowledgement of clear improvement in the company’s credit profile and follows the upgrade of CWK’s corporate family rating by Moody’s Ratings to Ba3 from B1 on September 28, 2026.
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