Group's shares, bonds dive after credit downgrade
Noble stays on credit watch, could face higher bank borrowing costs
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Singapore
THE bloodletting at Noble Group continued on Friday, as its shares and bonds plunged following the downgrade of the firm's credit rating to junk status by a second rating agency.
The worst might not be over yet, analysts warned, as the firm is still placed on watch for further cuts, and could face higher borrowing costs with banks.
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