Noble Group Cut to Junk by S&P Sending Bond Yields to Record

Updated on
  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.