Fitch Raises Nokia’s BB-Rating Outlook to Positive on Alcatel
2015-04-17 09:44:37.752 GMT
By Kim McLaughlin
(Bloomberg) -- Fitch revises outlook on Nokia’s long-term
Issuer Default Rating to positive from stable after co.’s bid to
acquire Alcatel-Lucent for stock.
* Move reflects view that the acquisition has “strong
industrial logic” and potential to “significantly
improve” co.’s operating and medium- to long-term business
risk profile, while alleviating mounting risks to wireless
networks focus: Fitch
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To contact the reporter on this story:
Kim McLaughlin in Stockholm at +46-8-610-0702 or
kmclaughlin6@bloomberg.net
2015-04-17 09:44:37.752 GMT
By Kim McLaughlin
(Bloomberg) -- Fitch revises outlook on Nokia’s long-term
Issuer Default Rating to positive from stable after co.’s bid to
acquire Alcatel-Lucent for stock.
* Move reflects view that the acquisition has “strong
industrial logic” and potential to “significantly
improve” co.’s operating and medium- to long-term business
risk profile, while alleviating mounting risks to wireless
networks focus: Fitch
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Kim McLaughlin in Stockholm at +46-8-610-0702 or
kmclaughlin6@bloomberg.net