Nokia suffers second cut to "junk" as S&P downgrades

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in General Discussion edited January 2014


 


Nokia suffers second cut to "junk" as S&P downgrades


 


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By Tarmo Virki and Josie Cox


HELSINKI/LONDON | Fri Apr 27, 2012 11:41am EDT


(Reuters) - Cellphone maker Nokia Oyj had its credit rating cut to "junk" status by ratings agency Standard & Poor's on Friday, its second downgrade to non-investment grade status this week as the company battles falling sales and doubts over its product strategy.


 


 


http://www.reuters.com/article/2012/04/27/us-nokia-idUSBRE83Q0W620120427

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