S&P further downgrades Nokia's debt rating after purchase of network operations from Siemens

  • by: MATTI HUUHTANEN , Associated Press
  • Updated: July 5, 2013 - 12:50 PM

HELSINKI — Ratings agency Standard and Poor's on Friday downgraded Nokia Corp.'s credit rating, citing the deal this week to buy out Siemens from its Nokia Siemens Networks joint venture for 1.7 billion euros ($2.21 billion).

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