S&P revises Eagle Super Global view to negative

S&P said it revised the outlook for Eagle Super Global Holding BV.

“The outlook revision to negative on Eagle Super Global Holding BV (doing business as The Lycra Co.) reflects our view of a potential impact on the company’s credit quality due to deterioration of the Shandong Ruyi group’s liquidity. While it is not currently our base case, the negative outlook takes into account the possibility that Shandong Ruyi Technology Group Co. Ltd. (Ruyi) could cause The Lycra Co.’s credit quality to weaken as it addresses its own weakened liquidity,” said S&P in a news release.

The agency affirmed Eagle Super Global’s B- rating.

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