Wahoo sees the ratings agency cut its corporate family rating and the rating on its senior secured first lien credit facility to B3 from B2. Moody’s cited weak product demand, liquidity constraints, and high reliance on its revolver for the downgrade, and expects leverage to hit 5.5x in FY22 due to business seasonality. Moody’s said Wahoo generated strong year-over-year revenue growth of 38% in FY 21 to “under $500 million”, but those earnings were bolstered by pandemic-driven demand that ... Log in to view full article.