Battle-hardened Noble investors shrug off downgrades

Even as Moody's and S&P again cut the ailing commodities trader's ratings, speculation creditors will throw it a lifeline, propping up bond prices.

Battle-hardened Noble investors shrug off downgrades

Noble Group's US-denominated bonds remained largely unchanged on Tuesday after ratings agencies Moody's and SP again cut their ratings on the troubled commodities trader deeper into junk territory.

Thick-skinned bond investors, who've stuck with the struggling company despite a string of negative news, seem content to stay on in the belief that Noble's $2 billion line of credit, which is due to expire in October, may be extended.

The...

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