Wahoo Fitness Default Seen as Likely by S&P Global
The bike and fitness technology company had its issuer credit rating downgraded to CCC from B- with a negative outlook by S&P, after weaker than expected Q2 revenue and earnings due to flagging demand and rising costs. The ratings agency believes that Wahoo will likely face a liquidity shortfall, or need to restructure its balance sheet, leading to ... Log in to view full article.
