The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Noble's liquidity crunch likely to ease in Q3, says Fitch

Published Mon, Aug 15, 2016 · 09:50 PM
Share this article.

Singapore

A LIQUIDITY crunch at Noble Group Ltd may prove to be temporary, according to Fitch Ratings Ltd, which said that the Singapore-listed commodity trader will probably generate about US$900 million in the coming months including proceeds from a recent rights issue.

Liquidity will improve as Noble Group gets US$500 million from the rights issue and the rest from working capital reductions, Fitch Ratings said in a statement on Monday. The crunch of the second quarter won't persist and Noble Group will have sufficient liquid…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here