Tuesday, November 17, 2015

Updates on Noble group- Moody Downgrade Noble

Ratings agency Moody's is reviewing its rating of Singapore-listed commodity trader Noble Group for a potential downgrade in light of the company's latest results. Noble reported a sharp fall in third-quarter profit on Thursday, battered by losses in its metals and agricultural operations. "The rating review is triggered by Noble's weaker than expected liquidity profile and its still-high leverage in its quarterly results announcement," Joe Morrison, a Moody's vice-president and senior credit officer.(TodayOnline)

If you have following our previous post you should be out of Noble long time ago, as many times we have mentioned that Noble group is on a downtrend.Our position trade show that now Noble Turn to Red candlestick again. This is not a good sign for those who are holding Noble

Check out our previous post==> Did Noble make money for you?

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