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Noble shares in steepest fall since Nov 2011 after Fitch debt ratings move

Published Mon, May 9, 2016 · 09:50 PM
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Singapore

NOBLE Group Ltd plunged the most in more than four years after Fitch Ratings Ltd placed the company's debt ratings on negative watch as Asia's largest commodity trader was seen facing less financial flexibility amid a challenging market.

The shares sank 13.6 per cent to 35 Singapore cents on Monday, the most since November 2011. More than 106 million shares changed hands. The stock bottomed at 27 cents in January after tumbling 65 per cent in 2015, an…

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