Credit rating of the Nokia version of the Moody's - «trash»

Rating agency Moody's, following the announcement of the reduction by Nokia 10,000 employees and receiving large losses than planned, on Friday downgraded the credit rating of the company to the level of "junk" (trash). The official reason for the decline are concerns about availability of assets and slow growth in sales of smartphones series Lumia. Analytical agency also lowered its forecast for the stock price Nokia, because they do not see any prerequisites to change the situation, in which Nokia loses market, giving its position Apple, Google and Sansung. Moody's became the third agency, which evaluated the Nokia as a company with no investment rating firm S & P and Fitch have taken such steps as early as April. lack of credit rating means that the shares will be acquired by Nokia is not many public companies, such as pension funds the camp. A natural result of such decisions of rating agencies is the continuing fall in prices of shares of the company, which on Friday in one session of trading on the New York Stock Exchange lost 18% of its value. Representatives of Moody's noted that the plan for restructuring Nokia is not to be optimistic, because the assets are melting, and smartphone sales, which had been staked to grow very slowly. Also requires a significant investment in Nokia Siemens Networks. Do not believe in the success of Nokia and stock analysts, who almost without exception, placed below the forecast of the current value of the shares of the company.