Moody's downgrades ratings on Ericsson to Baa1; stable outlook

Sunday, 4 May 2014 08:00pm EDT 

Moody's Investors Service:Downgrades to Baa1 from A3 the senior unsecured ratings of Ericsson.The reason for the downgrade is weaker-than-expected recovery in profitability through 2013 and cautious expectations for further improvements in the fundamentals of the communication equipment industry.Also changes to (P)Baa2 from (P)Baa1 Ericsson's senior subordinate rating.Says the outlook on the ratings is stable. 

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