Noble Group Cut to Junk by S&P Sending Bond Yields to RecordBy , , and
S&P places commodity trader on watch for further rating cut
Shares slumped to 2008 low on Thursday amid commodity rout
Noble Group Ltd.’s credit rating was cut to junk by Standard & Poor’s, adding fresh challenges for the commodities trading house already facing a rout in raw materials, turmoil in Chinese markets and attacks on the firm’s accounting methods.
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