Noble shares still on slippery slope; brokers quit coverage

Singapore

NOBLE Group's shares continued to slide on Wednesday despite an analyst at DBS Equity Research saying that the struggling commodity trader will probably be able to refinance its upcoming borrowing base facility in June.

DBS Equity Research also said in a note on Wednesday that it is suspending coverage on the firm given uncertainty over the outcome of the group's strategic review, the impact from recent credit rating downgrades, and the risk of it making losses into 2018.