SGX Market Update : Noble’s liquidity crunch likely to ease in 3Q .

SINGAPORE (Aug 16): A liquidity smash at Noble Group may end up being interim, as indicated by Fitch Ratings, which said that the Singapore-recorded ware broker will likely create about US$900 million ($1.2 billion) in the coming months including continues from a late rights issue.

Liquidity will enhance as Noble Group gets US$500 million from the rights issue and the rest from working capital diminishments, Fitch Ratings said in an announcement on Monday. The smash of the second quarter won’t hold on and Noble Group will have adequate liquidity in this quarter

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