Troubled waters for Wahoo? GPS and indoor training brand cites “special agreement” after missing payment deadline and getting its credit rating lowered again
April 13, 2023
One of the biggest credit ratings agency has sounded the alarm for Wahoo’s debts, after the company missed payment months after being warned that such a scenario could be on the horizon; but Wahoo has claimed that it has a “special agreement” with its lenders regarding the delay.
The latest credit downgrade for the Georgia-based tech and fitness company comes from Moody’s Investors after missed debt service payment due 31 March 2023 and the expiration of the applicable grace period, SGB Media reports. Road.cc