U.S. lawmaker calls for 'comfort women' apology for regional stability

Nokia downgraded by S&P after Samsung pushes past

kh close


Published : 2012-04-27 21:35
Updated : 2012-04-27 21:35

   HELSINKI (AP) -- Standard and Poor's says it has downgraded Nokia's credit rating by one notch and warned that it may reduce it again unless it improves performance.

   Friday's downgrade comes after huge losses in the Finnish company's first quarter and a report that Samsung Electronics Co. has overtaken it as the world's largest maker of mobile phones.

   Last week, Nokia Corp. announced one of its worst quarterly results ever, blaming tough competition for a (euro) 929 million ($1.2 billion) net loss as sales plunged, especially in the smartphone market.

   Earlier, rival ratings agency Moody's dropped Nokia to near junk status in anticipation of the bad first-quarter results.

Photo News

티아라 효민 멋진 뒤태에 남심 흔들

섹시백 선발대회 몸매 뽐내는 참가자들

카자흐 女배구선수 초특급 미모, 전세계 ‘깜짝’