Wahoo credit rating lowered after it fails to pay its debt service payments

American tech company says it is "actively collaborating and moving forward positively with the support of our lenders"

Inside Wahoo's science Center
(Image credit: Wahoo)

Bike computer and tech company Wahoo Fitness has had its credit rating lowered by rating agency Moody's after it delayed debt service payments at the beginning of this month.

It is just the latest bit of bad news for the American business, maker of the Elemnt computers and Kickr smart trainers, after repeated warnings of a liquidity shortfall at the company, reported by business site SGB Media.

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