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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

Published Tue, Nov 17, 2015 · 09:50 PM
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Singapore

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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