LessThunk.com

DAILY COMMENTARY

 

Noble Group Tumbles as S&P’s Move Seen as Step Toward Junk – Bloomberg Business

LessThunk: There is a reason why Glencore, Trafigura and now Noble Group are screaming for cash. Low commodity prices for too long. Too much leverage. This could trigger many huge derivatives.

Noble Group Ltd., the commodity trader seeking to preserve its investment-grade status, fell in Singapore after Standard & Poor’s joined Moody’s Investors Service in reviewing the company’s ratings amid concern about its liquidity.

Source: Noble Group Tumbles as S&P’s Move Seen as Step Toward Junk – Bloomberg Business


Categorised as: interesting

Posted by: Kramer

Comments are disabled on this post


Comments are closed.



Disclaimers – All content here is NOT presented as investment advice; LessThunk is NOT endorsing any website or specific investment by displaying external links.

We may or may-not (coincidentally) hold some quantity of stock or other investment related to any given post, no endorsement is implied in any sense.

css.php