BY SVEN GRUNDBERGMoody's Investors Service Friday downgraded Nokia Corp.'s credit rating, saying the cellphone company is facing more pressure on its earnings and higher cash burn than it had previously thought.The downgrade of the ailing handset maker's credit to Ba1 from Baa3â€”Moody's second downgrade of the company within three monthsâ€”means Nokia's credit now carries junk status by all the three major credit rating agencies. Nokia's credit was downgraded to junk by Fitch Ratings and Standard & Poor's in April. All the rating agencies have a negative outlook for ...BY SVEN GRUNDBERGMoody's Investors Service Friday downgraded Nokia Corp.'s credit rating, saying the cellphone company is facing more pressure on its earnings and..
Add your comment
Los tiempos de barbas y trajes llegan a su ocaso. Lo que hemos visto en la semana.. more »
Posted at cultura.elpais.com 87 days Ago
MOSCOW (Reuters) - Ratings agency S&P cut Russia's sovereign credit rating to junk.. more »
Posted at Reuters 87 days Ago
Salman Khan has cleaned and painted three villages in Maharashtra after Mr Modi.. more »
Posted at NDTv 87 days Ago