We believe U.S.-based designer and supplier of residential and commercial lighting fixtures VC GB Holdings I Corp. ?s (operating as Visual Comfort&Co.) operating performance could significantly weaken due to higher U.S. tariffs on imports from China and other APAC countries, which may increase costs and pressure demand. Therefore, we placed all our ratings on the company on CreditWatch with negative implications. We could affirm or lower the ratings within the next few months depending on U.S. tariff rates, the company?s ability to mitigate the higher costs, and the impact on its profitability and liquidity. We intend to resolve the CreditWatch as we settle on a likely scenario from U.S. tariff policies and the impact on Visual Comfort?s operating
