...- We expect U.S.-based independent, exclusive Verizon retailer Go Wireless to experience modest top-line deterioration due to the COVID-19 pandemic in 2020. However, as an essential retailer, the company managed to increase its margins as it benefited from Verizon's temporary COVID-19 financial support. - While we expect a modest decline in revenues in 2020, we anticipate a moderate recovery in the second half of the year, with credit metrics remaining at levels we consider appropriate for the current rating. We also believe that Verizon's support during the pandemic has provided increased visibility on the company's ability to keep sufficient liquidity cushion over the next few quarters. - Therefore, we are affirming all of our ratings on Go Wireless, including our 'B' issuer credit rating, and are removing them from CreditWatch, where we placed them with negative implications on March 17, 2020. - The negative outlook reflects the uncertainty around the severity and duration of the pandemic's...
