You are here

S&P and Moody's cut Noble's rating, warn of risk of default

"We need to press on with the sale of our businesses in North America. Time is a factor in maximising proceeds because of the high fixed-cost base." - Noble Group chairman Paul Brough, who took up his post in May and is now heading up a strategic review


NOBLE Group Ltd may default on its debt in as soon as the next six months, said S&P Global Ratings and Moody'sĀ Investors Service, which again cut their scores on the commodity trader and warned that planned asset sales may be insufficient to...

Market voices on: