Nokia’s credit rating lowered further and stocks continue to slide


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Tuesday, 02 August 2011
The credit rating agency Standard & Poor's has lowered Nokia's credit rating from BBB to BBB +. It is the second time in a week that Nokia is classified downward.


Standard & Poor's justification for the lower classification has to do with Nokia's sales in the second quarter - April-June – which was worse than expected. The Institute also estimates that Nokia's profitability will deteriorate and the market shares to decline further until its collaboration with Microsoft are beginning to bear fruit.

Nokia’s stocks continue to fall further in the stock market today.
By Team

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