Wahoo Fitness’ Debt Ratings Lowered On Potential Default
January 18, 2023
S&P Global Ratings lowered its debt ratings on Wahoo Fitness Acquisition, LLC on its expectation that the U.S.-based fitness technology company would pursue a debt restructuring or distressed exchange over the next six months due to a liquidity shortfall.
S&P lowered its issuer credit rating on the company to ‘CCC-‘ from ‘CCC’ to reflect its view that a default scenario is likely in the upcoming months. SGB Media