News

Wahoo credit rating lowered as it misses payment, ‘Special agreement’ said to exist

14 April 2023
the5krunner

Wahoo’s credit rating lowered as it misses a payment

Wahoo Fitness, maker of the awesome Wahoo Bolt 2 bike computer and Kickr smart trainers, has recently found itself facing financial headwinds due to a credit rating downgrade. The company’s sales have reportedly declined in recent months, primarily due to the impacts of the COVID-19 pandemic. As a result, its credit rating was lowered, raising concerns about its ability to maintain access to funding.

However, Wahoo has now announced that it has reached a special agreement with its lenders to help ensure continued access to funding despite the credit downgrade. The company stated that it has successfully negotiated the agreement to provide more financial flexibility during these challenging times.

This move is seen as a positive one for the company, which has been experiencing difficulties due to the pandemic-induced economic downturn. The agreement with lenders will enable Wahoo to weather the financial storm and gives the company room to manoeuvre as it looks to build resilience and adaptability in the face of ongoing uncertainty.

Wahoo ROAM 2 Review ❌ 5 cons ✔️ 13 Pros – best ever ELEMNT (Gen 2, V2, 2022)

In the current economic climate, companies in various industries have seen their credit ratings downgraded, as the pandemic continues to disrupt global markets. However, it is heartening to see that Wahoo Fitness has been able to secure an agreement with its lenders to help navigate these choppy waters.

Expect more news from our court reporter, dcrainmaker, on the rulings from the Wahoo//Zwift (Zwift Hub) case which I believe closed yesterday.

via road.cc

For the full picture of Wahoo across bike computers, trainers, and software, see the Wahoo hub.

Last Updated on 30 August 2026 by the5krunner

My favourite kit and nutrition

  • Garmin Fenix 9 Pro — I’ve just bought one.
  • Injinji – Runners protect your toes. Avoid discomfort and minor injury. Run more. Run faster. I use them.
  • Garmin 90-degree charging adapter — A small keyring adapter you can use anywhere. Essential when away. I use one.
  • Garmin charging puck — the fastest and most reliable way to top up your Garmin before a session. I use one.
  • Ravemen FR300 — Front light that mounts directly under your Garmin or Wahoo head unit. Keeps your bars clean and your beam pointed where it matters. I use one.
  • Body Glide – The blue anti-chafe stick that all swimmers and many runners use. I use it.
  • Maurten — The race nutrition trusted by elite athletes. Gels and drink mixes engineered to be easy on the stomach. I use them.
  • Garmin Varia RTL515 — A radar rear light that alerts you to vehicles approaching from behind. Pairs with your Edge or Wahoo. I use this model.
  • Favero Assioma Pro RS2 — The power-meter pedals most serious cyclists choose. Accurate, easy to move between bikes. I use this model.
  • Garmin Forerunner 970 — A serious choice for a pro-grade triathlon watch. I use this.
  • Polar H10 — My daily driver for accurate, waking HRV readings.
  • Wahoo ELEMNT Roam 3 — The bike computer that has the feature Garmin lacks: usability. I use mine on most rides.

Reader-Powered Content

Buy me a coffee

This content is not sponsored. It’s mostly me behind the labour of love, which is this site, and I appreciate everyone who supports it.

Support the site: Follow (free, fewer ads) · Subscribe (paid, ad-free) · Buy Me A Coffee ❤️

All articles are written by real people, fact-checked, and verified for originality. See the Editorial Policy. FTC: Affiliate Disclosure — some links pay commission. As an Amazon Associate, I earn from qualifying purchases.