Wahoo Fitness Likely to Default, S&P Says
S&P Global cut its issuer credit rating on the bike trainer company to CCC- from CCC, and lowered its rating on Wahoo’s senior secured credit facilities to CCC from CCC+. The outlook is negative, as S&P believes a debt restructuring or exchange is coming. Wahoo has hired advisors to explore its financing and liquidity options. Demand for fitness ... Log in to view full article.
