Moody's: Noble Group's 2016 results have no impact on B2 rating or negative outlook
Hong Kong, February 28, 2017-- Moody's Investors Service says that Noble Group Limited's 2016 results have no immediate impact on its B2 corporate family rating or the negative rating outlook. "Noble Group's capital raising initiatives allowed the company to reduce debt and alleviate immediate pressure on liquidity, but the company remains challenged by volatile operating cash flow and significant debt maturities in 2018," says Joe Morrison, a Moody's Vice President and...NOBLE GROUP HOLDINGS LIMITED is an investment holding company principally engaged in the provision of energy products and industrial raw materials supply chain management. Together with subsidiaries, the Company operates business of global supply chain manager of energy, power and gas products, metals and carbon steel materials. The Company also engages in the bauxite mining and alumina refining operation in Jamaica.
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