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Fitch cuts Noble's ratings again on debt worries

Fitch cites concern over Noble's ability to handle US$2b in debt maturing over the next 12 months
Saturday, May 27, 2017 - 05:50

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Noble is in talks with banks to renew a borrowing base facility expiring soon. Fitch said a successful rollover of a large part of that is key for its liquidity, but said the terms will be less favourable.

Singapore

NOBLE Group received a fresh blow as Fitch Ratings cut the embattled commodity trader's rating for a second time in 10 days, flagging concern over its ability to address about US$2 billion in debt maturing over the next 12 months.

The Hong Kong-based company is in talks

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