Nokia Long-Term Rating Lowered To 'A-' On Likely Weaker Operating Margins; Short-Term 'A-1' Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research

Nokia Long-Term Rating Lowered To 'A-' On Likely Weaker Operating Margins; Short-Term 'A-1' Affirmed; Outlook Stable

Nokia Long-Term Rating Lowered To 'A-' On Likely Weaker Operating Margins; Short-Term 'A-1' Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research
Nokia Long-Term Rating Lowered To 'A-' On Likely Weaker Operating Margins; Short-Term 'A-1' Affirmed; Outlook Stable
Published Mar 30, 2011
1543 words — Published Mar 30, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On Feb. 11, 2011, Nokia and Microsoft announced plans to form a broad strategic partnership in smartphones. Although we believe that this partnership could help Nokia to improve the currently weak competitive position of its smartphone portfolio in the medium term, we expect weaker operating margins and further market share losses in the transition period. We are lowering our long-term rating on Nokia to 'A-', affirming our 'A-1' short-term rating, and removing all ratings from CreditWatch negative. The stable outlook reflects our expectation that Nokia will maintain its conservative financial policy and very strong balance sheet during the transition period and that the operating margins of its Devices&Services segment will recover to at least 10% in 2013. FRANKFURT

  
Brief Excerpt:

RESEARCH Nokia Long-Term Rating Lowered To 'A-' On Likely Weaker Operating Margins; Short-Term 'A-1' Affirmed; Outlook Stable Publication date: 30-Mar-2011 Primary Credit Analyst: Matthias Raab, CFA, Frankfurt (49) 69-33-999-122;...

  
Report Type:

Ratings Action

Issuer
Nokia Corp.
GICS
Communications Equipment (45201020)
Sector
Global Issuers, Structured Finance
Country
Finland
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Nokia Long-Term Rating Lowered To 'A-' On Likely Weaker Operating Margins; Short-Term 'A-1' Affirmed; Outlook Stable" Mar 30, 2011. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Nokia-Long-Term-Rating-Lowered-To-A-On-Likely-Weaker-Operating-Margins-Short-Term-A-1-Affirmed-Outlook-Stable-857407>
  
APA:
S&P Global Ratings’ Credit Research. (). Nokia Long-Term Rating Lowered To 'A-' On Likely Weaker Operating Margins; Short-Term 'A-1' Affirmed; Outlook Stable Mar 30, 2011. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Nokia-Long-Term-Rating-Lowered-To-A-On-Likely-Weaker-Operating-Margins-Short-Term-A-1-Affirmed-Outlook-Stable-857407>
  
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