Fitch Assigns Junk Rating to DraftKings, Citing Ongoing Risks

Fitch Assigns Junk Rating to DraftKings, Citing Ongoing RisksFitch Ratings has given DraftKings a BB+ Long-Term Issuer Default Rating (IDR) putting the company just below investment grade. The credit rating agency also gave a BBB- rating with an RR1 recovery rating to the gaming company’s senior sec