Moody's Labels Nokia Junk
Moody's Investors Service Friday downgraded Nokia Corp.'s credit rating, saying the cellphone company is facing more pressure on its earnings and higher cash burn than it had previously thought.
The downgrade of the ailing handset maker's credit to Ba1 from Baa3Moody's second downgrade of the company within three monthsmeans Nokia's credit now carries junk status by all the three major credit rating agencies. Nokia's credit was downgraded to junk by Fitch Ratings and Standard & Poor's in April.
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#1 Jun 16, 2012
cool was here...13 hours ago.
Off topic but did you see what happened to Facebook's stock?
"Facebook, which has lost $22.5 billion in market value since its initial public offering, told regulators before its debut that the proposed price range reflected the fair value estimated earlier this year."
It has lost $22.5 billion in market value?? LOL Can't believe everything you read. Must be a misplaced decimal point.$2.25 billion (or more) but not 90% of its value.
#2 Jun 16, 2012
Of course Nokia is junk, just like everything else that comes from Finturdia, especially that Dr Phil aka Cod Face. :-)
#3 Jun 16, 2012
Well it had a good run unlike Ukrainka which has never been good at anything.
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