Moody's Labels Nokia Junk

Moody's Labels Nokia Junk

There are 3 comments on the online.wsj.com story from Jun 15, 2012, titled Moody's Labels Nokia Junk. In it, online.wsj.com reports that:

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 Baa3—Moody's second downgrade of the company within three months—means 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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5th Musketeer

United States

#1 Jun 16, 2012
cool was here...13 hours ago.

Off topic but did you see what happened to Facebook's stock?

http://www.latimes.com/business/la-fiw-0616-f...
http://abcnews.go.com/Technology/wireStory/se...

http://www.sfgate.com/cgi-bin/article.cgi...
"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.
Pro Ukraine

UK

#2 Jun 16, 2012
Of course Nokia is junk, just like everything else that comes from Finturdia, especially that Dr Phil aka Cod Face. :-)
Lukashenko is Dr Phil

Finland

#3 Jun 16, 2012
Well it had a good run unlike Ukrainka which has never been good at anything.

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