Shares of Noble (NE -4.5%) drop after S&P cuts its credit ratings one notch, lowering it to...

|About: Noble Corporation plc (NE)|By:, SA News Editor

Shares of Noble (NE -4.5%) drop after S&P cuts its credit ratings one notch, lowering it to triple-B-plus from A-minus, citing soft industry conditions and a more aggressive financial policy that will lead to a higher debt to EBITDA ratio.