Noble tumbles as S&P puts rating on review

New York

NOBLE Group Ltd, the commodity trader seeking to preserve its investment-grade status, fell in Singapore after Standard & Poor's joined Moody's Investors Service in reviewing the company's ratings amid concern about its liquidity.

"I would say there's more than a 50 per cent chance that Noble will be downgraded to junk," Trung Nguyen, a Singapore-based credit analyst at Lucror Analytics, said on Tuesday. "That will definitely affect their credit line and access to capital." The shares lost...

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