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.

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  • S&P downgrades Nokia further into junk status
    HELSINKI (AP) -- Rating agency Standard and Poor's on Wednesday downgraded ... plunging below €2 in mid-June. 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 ...
    03/3/2018 - 12:40 pm | View Link
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  • S&P: Finnish growth outpacing expectations
    The US credit rating agency Standard & Poor's has decided to keep Finland's credit rating at AA+, its second-highest level, indicating a "very strong capacity to meet financial commitments". The company declares that Finland's future outlook is stable.
    09/15/2017 - 1:00 pm | View Link
  • S&P revises Finland credit outlook to stable from negative
    HELSINKI, Sept 16 (Reuters) - Standard & Poor’s affirmed its AA+ rating for Finland on Friday and revised the ... doldrums for a decade as the impact of the sharp decline in Nokia’s former phone business was exacerbated by high labour costs and a ...
    09/15/2016 - 1:00 pm | View Link
  • US STOCKS-IBM, United Tech results pull down Dow, S&P 500
    IBM (NYSE: IBM - news) down after revenue falls for 13th straight quarter * United Technologies cuts full-year profit outlook * Apple ... Tesla fell 4.7 percent to $269.35 after UBS downgraded its rating on the stock to "sell" from "neutral".
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