Fitch rates Nokia debt as junk - Business - JamaicaObserver.com

Fitch rates Nokia debt as junk - Business - JamaicaObserver.com: "HELSINKI, Finland - Fitch ratings agency yesterday downgraded Nokia Corp's debt to junk status to reflect the company's poor first-quarter earnings and its uphill struggle to remain competitive.
The ratings agency said the downgrade to BB+ from BBB- reflected the deterioration in the company's core devices and services division and the "general lack of visibility" in Nokia's near-term future. It gave it a negative outlook, meaning more downgrades are possible."

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