30.09.2013 14:15:00
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Noble Group Ltd -- Moody's: No immediate impact from Noble's announced investment in X2 Resources
Hong Kong, September 30, 2013 -- Moody's Investors Service says Noble Group Limited 's announced plan to co-invest in a venture with private equity firm TPG and X2 partners will have no immediate impact on Noble's credit profile or on its Baa3 issuer rating and stable outlook. Noble and TPG each will invest US$500 million in a newly established private mining venture, X2 Resources ("X2"), with the goal of establishing a mid-tier, diversified mining and metals group.