{"id":20562,"date":"2011-04-07T16:32:07","date_gmt":"2011-04-07T20:32:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20562"},"modified":"2011-04-07T16:32:07","modified_gmt":"2011-04-07T20:32:07","slug":"nokia-heads-south-on-moodys-debt-downgrade","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/07\/nokia-heads-south-on-moodys-debt-downgrade\/","title":{"rendered":"Nokia Heads South on Moody&#8217;s Debt Downgrade"},"content":{"rendered":"<p>Nokia Corp. (NOK) has been in and out of the red in choppy trade this  morning after Moody&#8217;s Investors Service downgraded the company&#8217;s senior  ratings to &#8220;A3&#8221; from &#8220;A2,&#8221; with a negative outlook. The company&#8217;s  American depositary shares hit a high of $9.09 before turning lower.  Shares are now down fractionally at $8.98. Moody&#8217;s cited weakness in its  core business of mobile devices. The ratings, still investment grade,  apply to about 5.3 billion euros ($7.6 billion) of debt. Moody&#8217;s said  Nokia&#8217;s inflexible smart phone operating system, slowness in putting out  new models and more attractive innovation by competitors is putting it  at a disadvantage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nokia Corp. (NOK) has been in and out of the red in choppy trade this morning after Moody&#8217;s Investors Service downgraded the company&#8217;s senior ratings to &#8220;A3&#8221; from &#8220;A2,&#8221; with a negative outlook. The company&#8217;s American depositary shares hit a high of $9.09 before turning lower.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20562","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20562"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20562\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}