Wednesday, April 18, 2012

Nokia Gets Junk

Earlier this week Nokia has received bad news. Monday (16/4) world class rating agency, Moody's Investor Services to downgraded the Finnish company. Moody's decision exactly the same as Standard & Poor's who downgraded Nokia in March.

Nokia was forced to slam its investment rating to below the level of junk. Details in the trim from Baa2 to Baa3. A fairly sharp decline is the reason for Moody's gave this rating. Nokia's stock performance listed the worst in 15 years.

Nokia's efforts to make the transition with Microsoft Corp. failed to embrace the view of Moody's ward. Reasonable this is happening, given that last year the former king of the mobile phone also did not release many products. Last year Nokia introduced its new smart phone product named Lumia. Nokia is difficulty competing with the iPhone and Android.

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