[Reuters] Nokia suffers second cut to "junk" as S&P downgrades
- 04/27/12 03:41 PM
HELSINKI/LONDON (Reuters) - Cellphone maker Nokia Oyj had its credit rating cut to "junk" status by ratings agency Standard & Poor's on Friday, its second downgrade to non-investment grade status this week as the company battles falling sales and doubts over its product strategy.