https://www.ft.com/content/f657c0f6-cc46-36c6-920b-f95f4bea527d?mhq5j=e3
Fitch downgraded Noble after the credit extension. This means that Fitch doesn't have confidence in Noble on-going operations.
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https://finance.yahoo.com/news/noble-group-declines-fitch-sees-041530141.html
Noble group has a real possibility of default.
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