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Nokia debt rating downgraded, future not looking so hot
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etuoyo
2010-11-19 , 10:50
Posts: 1,179 | Thanked: 770 times | Joined on Nov 2009
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http://www.intomobile.com/2010/11/18...ooking-so-hot/
Nokia's debt rating has been downgraded by Fitch. Never heard of Fitch before so not sure how adverse this is to Nokia's general standing. The ratings agencies I am familiar with and I believe the most significant are Moody's and Standard and Poors.
However, it does show that things at Nokia are not all nice are rosey despite the huge sales but I think we guessed that from the management changes.
The linked article seems unduely negative though. I think Nokia will be fine even if its Nokia device is a commercial failure. Just that it would probably never be the big dog again in the high end sector which is where the big profit is.
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