Wahoo may be running short on cash, warns credit rating agency S&P

Cycling computer manufacturer suffering from tough post-pandemic market

Wahoo RGT
(Image credit: Wahoo)

Global credit ratings agency S&P has cut its debt rating for bike computer manufacturer Wahoo for the second time in just over four months as it warns of a liquidity shortfall at the company.

According to business news site SGB Media, the ratings agency has downgraded Wahoo’s debt from CCC to CCC-. 

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Having trained as a journalist at Cardiff University I spent eight years working as a business journalist covering everything from social care, to construction to the legal profession and riding my bike at the weekends and evenings. When a friend told me Cycling Weekly was looking for a news editor, I didn't give myself much chance of landing the role, but I did and joined the publication in 2016. Since then I've covered Tours de France, World Championships, hour records, spring classics and races in the Middle East. On top of that, since becoming features editor in 2017 I've also been lucky enough to get myself sent to ride my bike for magazine pieces in Portugal and across the UK. They've all been fun but I have an enduring passion for covering the national track championships. It might not be the most glamorous but it's got a real community feeling to it.