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Fitch cuts Noble's rating further into junk grade
Published Mon, Jun 26, 2017 · 09:50 PM
Singapore
FITCH Ratings has slashed Noble Group's credit rating further into junk grade, citing continued uncertainty over its funding capacity and low visibility of the commodities trader being able to successfully push through asset sales given market conditions.
This marks the third downgrade by the rating agency in five weeks for the embattled Hong Kong-based firm.
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