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

S&P may downgrade Nokia's rating due to poor phone sales

06/22, 4:15pm

Standard and Poor says Nokia must improve

Standard & Poor on Tuesday dropped its outlook on Nokia's credit rating from "stable" to "negative" due to its expected poor results. The stock indexer warned that Nokia's core phone business needed to regain more of its profitability over the next six months or else its credit rating could be downgraded within the next 12 to 18 months. It wasn't optimistic as it saw that Nokia was still in a "rather weak competitive position" for smartphones.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Logitech Hyperion Fury mouse

    Selecting the correct gaming mouse comes down to finding a device that balances the needs of a user with a price they can afford. Ofte ...

    Life n Soul BM211 Bluetooth speaker

    Bluetooth speakers aren't only for listening to some music at the park or on a long bus ride, but can also be built with tablets in mi ...

    Epson PowerLite Home Cinema 2030 projector

    With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News