Noble Credit Rating Cut by S&P Despite Efforts to Raise Cash

  • Rating cut to B+ from BB-; second reduction in six months
  • S&P says Noble’s liquidity position is ‘less than adequate’

Noble Group Ltd.’s credit rating was cut by S&P Global Ratings for the second time in six months, citing its weakened liquidity position and higher funding costs despite recent efforts to raise cash.

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