, Singapore

Noble Group's Enron moment: Zero Hedge

It will be unable to pay off its debts.

Noble Group's steadily deteriorating financial metrics mean that it is only a matter of time before Asia's largest commodity trader files for bankruptcy, according to a report by ZeroHedge.

The report said that the thinning gap between Noble's liquidity headroom and its debt maturity profile will spell the group's doom.

"Noble Group is left with only 1B$ of unutilized committed borrowing facilities and $900M of cash ready available to meet $2.966B of debt scheduled in the next 12 months," the report said.

Read the full article here. 

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