Moody's Downgrades Nokia Debt To Near Junk

Moody's ratings agency downgraded Nokia's debt grade to near junk status on Monday, citing a sharp decline in first-quarter cellphone sales that led to a 35 percent fall in revenue.

Sections:  news   business   
RELATED ARTICLES
  • Yellow cabs now outnumbered by Uber cars on NYC streets
    New York City's storied yellow cabs are taking a back seat to black cars. More
  • Amazon may be working on a smartphone with hologram-like 3D
    Amazon is reportedly developing a smartphone that sports a 3D screen that relies on retina-tracking technology to make images seem to float above the screen like a hologram. With the smartphone, users would be able to navigate through content by using their eyes alone, according to two unnamed people who discussed the phone with the Wall Street Journal. More
  • S&P cuts Egypt's credit ratings
    Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
BING NEWS:
  • Moody's downgrades Mexican broadcaster Televisa's rating to Baa3
    MEXICO CITY, March 15 (Reuters) - Ratings agency Moody's downgraded Mexican broadcaster Televisa's TLEVISACPO.MX rating to Baa3 from Baa2, while maintaining its outlook stable, it said in a ...
    03/15/2024 - 2:59 pm | View Link
  • Moody's Downgrades Major Chinese Property Developer Vanke
    Moody's has downgraded one of China's largest housing developers' credit rating, as woes in the country's property sector show no sign of abating. China's real estate market is grappling with ...
    03/11/2024 - 1:00 pm | View Link
  • Moody’s downgrades City of Ekurhuleni
    Moodys downgraded Ekurhuleni’s National Scale issuer and debt ratings (NSR) to B3.za from B2.za and placed them on review for further downgrade. Ekurhuleni’s Non-Prime (NP) short-term issuer ...
    03/9/2024 - 11:00 am | View Link
  • Moody’s downgrades City of Ekurhuleni
    “Our financial integrity remains sound, and we urge our stakeholders to focus on forthcoming reviews by our officially designated rating agency, scheduled after our annual financial statement ...
    03/5/2024 - 11:00 am | View Link
  • Some NYCB deposits may be at risk after Moody's downgrades bank's ratings again
    or whether downgrades from multiple ratings firms would be needed to trigger contractual provisions. To replace deposits, NYCB could raise brokered deposits, issue new debt or borrow from the ...
    03/3/2024 - 11:00 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News