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Fitch Maintains Nokia's BB- Ratings on Rating Watch Positive-DJ


Tuesday, 4 Mar 2014 11:26am EST 

Nokia Oyj:Fitch Ratings has maintained Nokia's BB- Issuer Default Rating (IDR) and senior unsecured ratings on Rating Watch Positive (RWP), pending the closing of the disposal of Nokia's Devices & Services (D&S) activities to Microsoft-DJ.Fitch placed Nokia on RWP at the time of the disposal announcement in Sep. 2013.Nokia continues to guide to a transaction close in Q1 2014 and that it intends to announce the results of its strategic evaluation shortly afterwards.Resolution of the RWP will include a formal review of the underlying continuing operations as well as an understanding of management's intentions with respect to the disposal proceeds and objectives for the long-term capitalisation of the business. 

Company Quote

8.14
-0.04 -0.49%
30 Jul 2014