Woes continue for Nokia Corp. (NYSE:NOK) as Moody’s rating agency recently downgraded the company’s long-term debt from Baa2 to Baa3. The rating agency also slashed Nokia’s short-term debt rating from Prime-2 to Prime-3.
Such reduced outlook provided by Moody’s ratings agency was mainly on the back of poor performance of the company’s handset business in the first quarter of fiscal 2012. Few days back, the company came up with grim outlook for its first quarter of 2012 where handset … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards