Nokia Debt Cut to Two Grades Above Junk by Moody's With Negative Outlook

Bloomberg - Diana ben-Aaron - 27 Jul, 2011
July 22 (Bloomberg) -- Michael Clendenin, managing director at research company RedTech Advisors in Shanghai, talks about the outlook for Nokia Oyj. The Finnish company's dominance in China, ...

Nokia's Debt Rating Is Lowered by Two Steps at Moody's

San Francisco Chronicle - 27 Jul, 2011
July 27 (Bloomberg) -- Nokia Oyj, the world's biggest maker of mobile phones, had its debt rating cut by Moody's Investors Service, which cited "a severe weakening" of the Finnish company's market position. The senior debt rating was reduced by two ...

Nokia gets a rating downgrade as dominance wanes

Newsday (subscription) - 27 Jul, 2011
News Newsday > News Content Preview Newsday/Optimum Online ® subscribers click here for full access Not a Newsday or Optimum Online ® subscriber? Click here Nokia gets a rating downgrade as dominance wanes Published: July 27, 2011 6:12 AM By The ...

Moody's Downgrades Nokia Citing Weaker Market Position

Wall Street Journal - Gustav Sandstrom, Arild Moen - 27 Jul, 2011
(Adds analyst comments in 12th to 14th paragraphs, background information in 5th paragraph and updates the share price.) HELSINKI (Dow Jones) --Ratings agency Moody's Investors Service Wednesday downgraded Nokia Corp. ...

Moody's cuts Nokia rating by 2 notches

Reuters - Tarmo Virki, Erica Billingham - 27 Jul, 2011
HELSINKI, July 27 (Reuters) - US ratings agency Moody's cut its credit rating on bonds of struggling Finnish phone maker Nokia Oyj by two notches on Wednesday and said the outlook on the rating was still negative. A spokesman for Nokia said the rating ...

Nokia downgraded by Moody's

YLE News - 27 Jul, 2011
US ratings agency Moody's cut its credit rating on bonds of Finnish phone maker Nokia Oyj by two notches on Wednesday and said the outlook on the rating was still negative. Moody's is the third ratings agency to downgrade Nokia's credit rating, ...

Amazon's Earnings Pop; Nokia's Decline

TheStreet.com - Olivia Oran - 27 Jul, 2011
The e-commerce giant earned 41 cents a share on revenue of $9.91 billion. Analysts were expecting Amazon to report a second-quarter profit of 35 cents a share, compared with 45 cents in the year-ago quarter. ...

As Smartphone Market Grows, Nokia Suffers

Portfolio.com (blog) - 27 Jul, 2011
There are estimated to be 420 million smartphone sales this year, which is great for handset makers. Unless you're Nokia. The Finnish giant had its credit downgraded by Moody's today, falling from a reasonable A3 to a sad Baa2 with a negative outlook. ...

Moody's cuts Nokia's credit rating two notches

CITY A.M. - Alison Lock - 27 Jul, 2011
Moody's has re-rated Nokia from A3 to Baa2, the second-lowest investment grade rating, and is keeping its outlook negative, it said. It is the third agency to cut Nokia's rating, after its rivals Fitch and Standard & Poor's cut it last month. ...

Moody's downgrades Nokia on loss of market leading position

Creditflux (registration) - 27 Jul, 2011
Moody's has today downgraded Nokia from A3 to Baa2 reflecting a severe weakening of the company's business position from a previous position of clear market leadership. Moody's says this deterioration has been caused by a loss of competitiveness of ...

Nokia's debt rating cut by Moody's

Forex Pros - 27 Jul, 2011
The world's biggest maker of mobile phones, Nokia Oyj, had its debt rating cut by Moody's rating agency by two steps, as it realized a severe weakening of the Finnish company's market position. The rating was reduced to Baa2 which is thesecond- lowest ...

Ripe for Acquisition? Nokia Debt Rating Cut by Moody's

Benzinga - Nick Smith - 27 Jul, 2011
Nokia (NYSE: NOK), already under pressure to revitalize sales and an aging phone line, had its debt rating cut to Baa2 by Moody's Wednesday, sparking renewed potential that the company could be acquired. Moody's cited a "severe weakening" ...

Moody's downgrades Nokia but says it could be over the worst

Total Telecom - 27 Jul, 2011
By Mary Lennighan, Total Telecom Finnish vendor given Baa2 rating; will need to demonstrate success of Windows product line to avoid further downgrade. Moody's on Wednesday downgraded Nokia to a Baa2 rating from A3 on the back of its weakened position ...

Moody's Downgrades Nokia To Baa2 - Quick Facts

RTT News - 27 Jul, 2011
(RTTNews) - Moody's Investors Service said it has downgraded the senior debt ratings of Nokia Oyj (NOK: News ) to Baa2 from A3. Concurrently, Moody's has affirmed Nokia's ratings for short-term debt at P-2. All ratings have a negative outlook. ...

Nokia gets a rating downgrade as dominance wanes

Boston Globe - Jari Tanner - 27 Jul, 2011
AP / July 27, 2011 HELSINKI, Finlandâ€"Nokia's credit rating was downgraded Wednesday as the world's largest producer of mobile phones sees its competitive position in the smart phone segment deteriorate. Moody's Investors Service said it ...

Moody's downgrades Nokia rating as dominance wanes

Economic Times - 27 Jul, 2011
HELSINKI: Nokia's credit rating was downgraded by Moody's as the world's largest producer of mobile phones sees its competitive position in thesmart phone segment deteriorate. Moody's Investors Service said it has downgraded the Finnish phonemaker's ...

Moody's Downgrades Nokia

Wall Street Journal - Gustav Sandstrom, Arild Moen - 27 Jul, 2011
Moody's Investor Service Inc. Wednesday downgraded Nokia Corp.'s debt rating two notches, heaping more pressure on the troubled mobile-phone maker as it struggles to realign its business strategy and regain traction ...

Nokia gets a rating downgrade as dominance wanes

CanadianBusiness.com (blog) - 27 Jul, 2011
Topics AP By AP | July 27, 2011 HELSINKI, Finland (AP) â€" Nokia's credit rating was downgraded Wednesday as the world's largest producer of mobile phones sees its competitive position in the smart phone segment deteriorate. ...

Nokia gets a rating downgrade as dominance wanes

The Associated Press - 27 Jul, 2011
HELSINKI, Finland (AP) â€" Nokia's credit rating was downgraded Wednesday as the world's largest producer of mobile phones sees its competitive position in the smart phone segment deteriorate. Moody's Investors Service said it has downgraded the Finnish ...

Moody's downgrades Nokia's credit rating

eTaiwan News - 27 Jul, 2011
AP Moody's has downgraded its credit rating on Finnish mobile phone company Nokia by two notches partly because of a loss of competitiveneses of its smartphones. In a statement Wednesday, Moody's says the downgrade to Baa2 from A3 previously reflects a ...

Nokia gets a rating downgrade as dominance wanes

Sioux City Journal - 27 Jul, 2011
AP | Posted: Wednesday, July 27, 2011 5:12 am | Loading… Nokia's credit rating was downgraded Wednesday as the world's largest producer of mobile phones sees its competitive position in the smart phone segment deteriorate. ...

 

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