Tag Archives: Rating
First Moody’s and now Fitch Ratings downgraded its credit rating on Nokia to “junk” status and said that the outlook remained negative, as the Finnish handset maker’s dwindling market share starts to strain its cash position. Fitch cut its rating on Nokia to BB+ from BBB- and said this could be lowered further unless the company’s business showed improvements...
The Japanese multinational consumer electronics corporation, Panasonic saw a cut in its long-term debt ratings by the Standard and Poor’s Rating Services on Wednesday for the second time in less than four months period to A-, strongly indicating that US credit-ratings agency will further cut the ratings if something need not be done. S&P last year in November lowered...