Subscribe to this page now.

Nokia sees third credit rating cut in a row, S&P says junk

04/27, 10:35am

Standard and Poor compounds Nokia issues

Nokia faced its third credit rating cut in a month on Friday in signs of a further confidence problem. Standard & Poor dropped Nokia's rating to junk status based on a shortfall in cash strength. While its existing cash was a "positive factor," the firm said, it expected the phone designer's cash to drop from a predicted 4.9 billion euros ($6.5 billion) to no more than four million euros ($5.3 billion).

more

Advertisement

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Advertisement

    Recent Reviews

    Moshi iVisor AG and XT for iPad Air 2

    Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

    Epson PowerLite Home Cinema 3500 projector

    Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

    Thecus N2310 NAS

    For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

    Advertisement

    toggle

    Most Commented

     
    toggle

    Popular News