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

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Tylt Energi 2K Travel Charger

    Backup batteries and device chargers are objects that many users take for granted. They often only one-dimensional in functionality, r ...

    ActvContent Sync Smartband

    Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

    RocketStor 6324L Thunderbolt 2 eSATA bridge

    Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News