Noble Group Pushes Back After Moody’s Two-Step Rating Downgrade

  • Efforts to boost liquidity, deleverage continue, company says
  • Moody’s reduction contrasts with assessment from Fitch Ratings

Moody's Downgrades Noble Group to B2

Noble Group Ltd. pushed back after a two-level downgrade by Moody’s Investors Service, with the commodity trader saying a planned sale of a U.S. energy unit was progressing well and efforts to cut costs and debt were making headway. Bond prices fell, while shares rose.

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