NORDIC STOCKS - Factors to watch on April 14
HELSINKI, April 14 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:
VOLVO (VOLVb.ST)
Fitch downgraded the long-term issuer default rating (IDR) and senior unsecured debt rating to "BBB+" from "A-" (A minus) after the close of the Swedish stock market for the Easter holiday last week. [ID:nWLA1961]
The rating agency said the downgrade reflected the weakening of Volvo's financial structure, which it believes is more structural than cyclical.
For more on the company, double click on [VOLVb.ST]
SAAB (SAABb.ST)
The aerospace and defence materials group will likely face a couple of lean years, though a recovery should begin to set in in 2011, business daily Dagens Industri said, recommending investors to wait with any purchases of the stock.
For more on the company, double click on [SAABb.ST]
NOKIA (NOK1V.HE) The cellphone maker said on Tuesday it had completed the sale of its security appliances business to Check Point Software Technologies (CHKP.O).
The deal, unveiled last December, was expected to be completed in March 2009. The unit has some 500 employees, and Checkpoint has said the deal would boost its 2009 sales by more than $100 million. For more on the companies, double click on [NOK1V.HE]
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(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244)
