Noble Group 'confident' of meeting Moody's targets in review
It will focus on ability to improve liquidity headroom and cash flow generation, raise capital and reduce leverage
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NOBLE Group Ltd said that it will be able to meet targets from Moody's Investors Service after the agency placed the company's ratings under review for a downgrade, raising the possibility that the commodity trader may be cut to junk.
"We have always achieved our investment-grade rating targets," spokes-man Stephen Brown said in an emailed response to questions on Tuesday, citing the company's quarterly results last week, including a return to positive cash flow.
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