U.S.-based independent, exclusive Verizon retailer Go Wireless Holdings Inc. is vulnerable to a precipitous drop in U.S. consumer spending amid an extended coronavirus outbreak, and production disruptions at the original equipment manufacturers' (OEMs') factories. S&P Global Ratings is placing all its ratings on Go Wireless, including our 'B' issuer credit rating, on CreditWatch with negative implications. The CreditWatch placement, indicating at least a 50% chance that we could lower the ratings at least by one notch, follows our view that performance and liquidity could come under pressure from the adverse impacts on store traffic and supply chain stemming from the coronavirus pandemic. The CreditWatch placement follows our view that a sharp drop in U.S. consumer spending from the coronavirus pandemic
