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Noble caps turbulent year with 'junk' status

Moody's downgrade reflects its concerns over the firm's liquidity, low profitability and consistent negative free cash flow

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Noble Group's shares and bonds took yet another beating on Wednesday as the firm saw its worst fears realised: Rounding up what has already been a turbulent year for the commodity trader, its credit rating was cut to "junk" status by Moody's with a negative outlook.

Singapore

NOBLE Group's shares and bonds took yet another beating on Wednesday as the firm saw its worst fears realised: Rounding up what has already been a turbulent year for the commodity trader, its credit rating was cut to "junk" status by Moody's with a negative outlook.

The

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