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Moody Downgrades Nokia Rating – Nokia Responds

Moody Downgrades Nokia Rating – Nokia Responds

August 23, 2013 No Comments

This morning, Moody’s Investors Service cut and downgraded Nokia’s rating and put it ‘four levels below investment grade’. “We believe that the company continues to face challenges returning to sustainable profitability in its core smartphone and mobile-phone operations,” said Roberto Pozzi, Moody’s analyst for Nokia. “It is unlikely to reach break-even on a cash flow […]

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Moody’s Downgrades Nokia Again, Nokia Responds

Moody’s Downgrades Nokia Again, Nokia Responds

July 24, 2012 2 Comments

Once again, Moody’s has downgraded Nokia and has stated that they estimate the company will regain traction in 2013. Nokia wasted no time however on replying to the downgrade. Nokia: Espoo, Finland – Timo Ihamuotila, Nokia’s Executive Vice President and CFO, comments on today’s rating decision from Moody’s: “While we are disappointed with Moody’s decision, […]

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