S&p Cuts Nokia Rating To Junk

HELSINKI (Reuters) - Standard & Poor's has cut its credit rating on Finnish cellphone maker Nokia to junk on expectations of lower sales, following a similar move by Fitch Ratings earlier this week.

Sections:  news   business   
RELATED ARTICLES
BING NEWS:
  • Bad News in Mobile, S&P Cuts Nokia's Rating as Samsung and HTC Profits Flutter
    While the summer kicks in and the holidays stack up, the once vigorous mobile sector seems unable to take the heat. Looking more like a fading star as the under-performing results mount up and the market stagnates, leading to reductions in analyst ...
    07/5/2013 - 4:29 am | View Link
  • S&P cuts Nokia rating by one notch, citing concerns over Siemens buyout
    Ratings agency Standard & Poor’s (S&P) has cut Nokia’s rating by one notch to B+ from BB-, citing concerns that the firm could see its net cash fall after agreeing to buy out the share of partner Siemens in a joint venture for €1.7 billion ($2.2 ...
    07/5/2013 - 1:58 am | View Link
  • S&P further downgrades Nokia
    RATINGS agency Standard and Poor's has downgraded Nokia Corp.'s credit rating, citing the deal this week to buy out ... signs of improvement after restructuring and substantial job cuts. Nokia stock was down 2 percent at 3.10 euros in early afternoon ...
    07/5/2013 - 1:56 am | View Link
  • S&P cuts Nokia rating further on Siemens venture buyout
    LONDON, July 5 (IFR) - Standard & Poor's downgraded Nokia further into junk territory on Friday, warning that the Finnish telecom firm's plan to take over Siemens AG's stake in their joint network equipment venture would strain its finances. The ratings ...
    07/4/2013 - 9:14 pm | View Link
  • Nokia: S&P Cuts Debt Rating; Further Downgrades Possible
    Standard & Poor’s this morning cut its long-term debt rating on Nokia to BB- from BB+, warning that the outlook for the company remains negative. S&P notes that the company’s Q2 results and Q3 guidance was worse than expected. The rating agency says it ...
    08/15/2012 - 3:03 am | View Link
  • More
BING SEARCH:
  • RF Stock Price
    Regions Financial Corp. stock price, stock quotes and financial overviews from MarketWatch.
    06/24/2017 - 5:58 pm | View Website
  • Pensions & Investments
    With unmatched integrity and professionalism, Pensions & Investments consistently delivers news, research and analysis to the executives who manage the flow of funds ...
    06/24/2017 - 5:22 pm | View Website
  • Today's Stock Market News and Analysis
    Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more.
    06/24/2017 - 8:25 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    06/24/2017 - 2:42 am | View Website
  • Nokia
    1967'de üç şirket olan Nokia Aktiebolag (Nokia Şirketi), Suomen Kaapelitehdas ve Suomen Kumitehdas (Suomen Gummitehdas olarak yeniden adlandırıldı), modern ...
    06/23/2017 - 10:38 pm | View Website
  • 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