Noble Group shares fall after S&P rating downgrade
[SINGAPORE] Noble Group shares fell more than 2 per cent on Thursday after Standard & Poor's cut the Singapore-based commodity trader's credit rating deeper into junk territory, to B+ from BB-, and assigned a negative outlook.
The shares fell to as low as S$0.225.
Noble's bonds due 2020 were down an eighth of a point at 80.88/81.75 cents on the dollar.
The company's troubles started more than a year ago when its accounts were questioned by a blogger, sparking a dramatic collapse in its share price. Rating downgrades forced Noble to sell some of its key assets to allay financing worries and weather the commodities downturn.
That's why nowadays youngsters love to travel and I have set a resolution to travel at least once a year. Although sometimes it seems like a hassle to do planning, find transportations and what not.
ReplyDeleteCW,
There's some grasshopper blood in you yet ;)
Stay healthy (cannot control; but can influence)
and be happy! (100% within our control)
Good what, rather than stay one long trip, because if you don't like the place, can cut loss! LOL
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ReplyDeleteNoble Group shares fall after S&P rating downgrade
ReplyDelete[SINGAPORE] Noble Group shares fell more than 2 per cent on Thursday after Standard & Poor's cut the Singapore-based commodity trader's credit rating deeper into junk territory, to B+ from BB-, and assigned a negative outlook.
The shares fell to as low as S$0.225.
Noble's bonds due 2020 were down an eighth of a point at 80.88/81.75 cents on the dollar.
The company's troubles started more than a year ago when its accounts were questioned by a blogger, sparking a dramatic collapse in its share price. Rating downgrades forced Noble to sell some of its key assets to allay financing worries and weather the commodities downturn.
Good post.
ReplyDeleteThat's why nowadays youngsters love to travel and I have set a resolution to travel at least once a year. Although sometimes it seems like a hassle to do planning, find transportations and what not.
ReplyDelete