Nokia Downgraded To Just Above Junk Level By Moody’s – ValueWalk Premium
Nokia 8
16Apr

Nokia Downgraded To Just Above Junk Level By Moody’s

 

Moody's Corporation (MCO) downgraded Nokia Corporation's (NYSE:NOK) debt rating today amid the company's struggle to compete in a changing mobile device market. The company's debt was downgraded to just one level above junk giving the company's bonds a rating of Baa3.

It's not the first downgrade the telecommunications company has suffered in recent weeks. Societe General moved its advice on the company's stock from Buy to . . .

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