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

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"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

London

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

sentifi.com

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