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April 24, 2012 01:56 pm GMT

Nokias Not Connecting: Fitch Follows Moodys, Downgrades Nokia to BB+ With A Long-Term Negative Outlook

nokia-logo-1Financial fallout from last week's Q1 earnings from beleaguered handset maker Nokia, which saw the company report declines in sales, profit and much else across the board: Fitch Ratings has once again downgraded the handset maker.Nokia now stands at a BB+ rating from a previous rating of BBB- for its senior unsecured notes, Fitch writes in a statement. It further says that it has downgraded the company's long-term issuer default rating, with the outlook on the long-term IDR now at "Negative" and that it may consider downgrading even further.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/T5L7sO-I6ik/

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