Noble Group, Asia’s top commodity trader, has endured short selling attacks from the likes of Muddy Waters LLC and the anonymous Iceburg Research. With its stock value cut by over ¾ on a year over year basis, and bouncing near all-time lows, along comes a new report from researcher Simon Jacques calling recent actions a “collateral margin call.”
Moody's Noble Group Rating
Although it has made its loan payments, Noble Group’s commodity-based assets used as collateral have been significantly dropping in value, the report said. It is against this background the...
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