Reuters: Technology News: Nokia shrugs off S&P downgrade, says has enough cash

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Nokia shrugs off S&P downgrade, says has enough cash Aug 15th 2012, 12:04 Tweet Share this Email Print Related News Nokia's cash reserves hold up despite big loss Thu, Jul 19 2012 Analysis & Opinion Liquidity reigns supreme as market ignores data points Counterparties: Why big companies are bad at innovating Nokia phones are displayed in a shop in Riga July 18, 2012. Credit: Reuters/Ints Kalnins HELSINKI | Wed Aug 15, 2012 8:04am EDT HELSINKI (Reuters) - Finnish mobile phone maker Nokia shrugged off Standard & Poor's downgrade of its credit rating, saying it had sufficient liquidity and was conserving cash. S&P cut Nokia's rating to BB- with a negative outlook, saying its second-quarter results and outlook for the third quarter were weaker than expected. (Reporting by Helsinki Newsroom; Editing by Helen Massy-Beresford) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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