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:
  • Moody’s cuts Nokia rating
    A spokesperson for Nokia said the rating cut would have no material impact on the company’s current financing costs. Fitch and S&P cut Nokia’s credit ratings last month. Last week Nokia reported a steep net loss for the June quarter and surrendered its ...
    06/17/2015 - 7:45 am | View Link
  • Standard & Poor's cuts Nokia rating on cash concerns
    HELSINKI - Rating agency Standard & Poor's cut its notation of fallen mobile phone maker Nokia on Friday, because of the cost to the company of buying out a joint venture with German firm Siemens S&P cut the Finnish group's long-term debt rating by one ...
    07/5/2013 - 2:30 am | View Link
  • Standard & Poor's cuts Nokia rating on cash concerns
    S&P cut the Finnish group's long-term debt rating by one notch to B+ from BB-. Nokia has agreed to buy the shares held by Siemens in joint venture Nokia Siemens Networks (NSN). Nokia said on Monday it would buy 50 per cent of telecom equipment maker NSN ...
    07/5/2013 - 2:07 am | View Link
  • S&P downgrades Nokia further into junk status
    While cutting its rating on Nokia by two notches to BB-, S&P warned there could be further downgrades as ... On top of previous job cuts Nokia said in June that it will slash 10,000 jobs and close down research and development facilities in Germany and ...
    08/15/2012 - 1:06 pm | View Link
  • Standard and Poor cuts Nokia’s Debt rating once again
    S&P lowered Nokia’s credit rating to BB- from BB+, and kept the outlook for the company’s credit at negative. The agency said Nokia’s second-quarter results and its financial guidance for the third quarter were lower than it had expected.
    08/15/2012 - 4:38 am | View Link
  • More
BING SEARCH:
  • Nokia U.S.-listed stock price target cut to $9 from $11 at ...
    Latest News /news/latest; 8:04a. PartnerRe's stock climbs 2% premarket after merger deal with Exor. 8:03a. Michael Kors stock price target cut to $49 from ...
    08/4/2015 - 12:38 pm | View Website
  • Nokia Oyj
    Report Snippet: We rate NOKIA CORP (NOK) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with ...
    08/4/2015 - 12:09 pm | View Website
  • NOK Stock Price & News
    42 min ago; WSJ Blogs; The Morning Download: German Car Makers Win Deal for Nokia Map Unit. WSJ Blogs; 3 hours ago; Dow Jones Newswires; BMW, Audi, Daimler Clinch ...
    08/4/2015 - 11:12 am | View Website
  • DO Stock Quote
    Where does this data come from? Analyst Estimates » A data point based on hundreds of brokers buy, sell and hold rating.
    08/4/2015 - 8:56 am | View Website
  • Financial Times
    Obama set to order tougher climate action Carbon cuts face opposition from US political rivals and industry
    08/4/2015 - 1:54 am | 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