Noble faces threat on new front

摘要

Noble group is wooing lenders with a US$2.25bn refinancing launched last week even as the commodity trader finds itself in the crosshairs of two research firms questioning its accounting and disclosure practices. Muddy Waters entered the fray last Thursday, a day after Noble hit the market with its loan. The research firm said it had a short position in Noble and warned that the Singapore-listed company's debt levels were unsustainable, among other allegations.