Noble Group (SGX: NOBL), the global supply chain manager of agricultural, metals, minerals and ores, and energy products, as well as logistics services, says Moody’s Investors Service ratings has upgraded its to debt securities to investment grade with a stable outlook.

The announcement affects roughly US$1.2 billion ($1.67 billion) of the group’s debt securities as well as its corporate group company ratings which have now been upgraded to Baa3.