Fitch Downgrades Nokia, Moody’s May Too
Fitch has downgraded Nokia’s (NOK.1) debt to the lowest investment grade level and Moody’s also has the company under review for downgrade. Fitch Ratings has downgraded Nokia Corporation’s Long-term Issuer Default Rating (IDR) and senior unsecured rating to ‘BBB-’ from ‘BBB+’ respectively. The Short-term IDR is also downgraded to ‘F3′. The Outlook on [...]
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