Noble shares recover even as rating agencies flag unsustainable debt

Singapore

AFTER a savage three-day sell-off, Noble Group Ltd shares climbed on Tuesday even as Moody's Investors Service joined S&P Global Ratings in highlighting the embattled commodity trader's finances, saying that estimated liquidity isn't sufficient to cover debt due by mid-2018.

Moody's said that while the liquidity headroom, including cash and unused committed facilities, was US$2.4 billion at end of the first quarter, it's since dropped.