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Are Noble's deleveraging efforts failing?

Singapore Business Review

Moody's downgraded the stock by two levels.

According to a report by Bloomberg, Noble Group Ltd. was downgraded two levels by Moody's Investors Service. The ratings firm said that the Singapore-listed commodity trader’s liquidity could face further pressure over the next 12 months amid weaker-than-expected profitability.

"Noble has lost more than half its market value over the past year as prices of everything from oil to coal and copper tumbled and its accounting methods came under attack from critics including Iceberg Research," Bloomberg revealed.

Read the full report here.



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