Monday 16 April 2012

Moody's Investors Service Cut's Nokia Corp.'s credit rating

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Moody's Investors Service Cut's Nokia Corp.'s credit rating

 

Nokia is amid a turnaround plan in which it agreed to use Microsoft Corp.'s Windows software. After fumbling the smartphone revolution, the Finnish company had virtually no presence in the high-end U.S. smartphone market before it began selling the Lumia 900 in the U.S. this month.
Another Issued about credit rating Nokia is Moody's Investors Service lowered Nokia Corp.'s credit rating to the brink of junk territory, citing a sharp decline mobile-phone sales and competition from makers of low-end phones.
The Finnish handset maker responded that its financial position remains strong.
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