Fitch affirms Noble's ratings but sounds note of caution
Affirmations based on ability to access unsecured bank funding
Fri, Jan 15, 2016 - 5:50 AM
Noble's long-term foreign-currency issuer-default rating and senior unsecured rating were both affirmed by Fitch at BBB-.
FITCH Ratings has affirmed Noble Group's investment-grade ratings after rival agencies cut the commodity trader to junk, while warning that any sign of deterioration in the company's ability to access unsecured bank funding could put that assessment in jeopardy.