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Noble Group outlook cut to negative from stable by Moody's

Wednesday, August 12, 2015 - 22:05

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Noble Group Ltd, the commodity trader battling criticism of its accounting, had the outlook for its debt cut to negative from stable by Moody's Corp.

[LONDON] Noble Group Ltd, the commodity trader battling criticism of its accounting, had the outlook for its debt cut to negative from stable by Moody's Corp.

"The company's liquidity profile has weakened compared to levels over the last few years, which negative for the ratings," Moody's said in a statement on Wednesday.

Moody's affirmed Noble's rating at Baa3, the lowest investment grade.

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