Moody's affirms Noble Group

Moody's Investors Service said it affirmed Noble Group Ltd.'s Ba1 corporate family and senior unsecured bond ratings.

The outlook is stable.

Noble's overall operating results for the first nine months of 2009 are strong, despite challenging conditions in the commodity, credit and freight markets, Moody's said. Reported EBITDA improved to $759 million during the period from $304 million in the previous year.

Noble is in a healthy liquidity position, Moody's said, and has good financial flexibility to support its ongoing financial requirements.

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