FTFA: "You could argue that Moody's was one of the ratings agencies that consistently passed off sub-prime debt as investment grade material in the noughties and that it may well be wrong – indeed, Nokia's share price rose slightly on Monday. But more than a few analysts are now seriously concerned about Nokia's future, with the company losing both staff and customers, and in an alliance with Microsoft to push an unpopular mobile operating system."
Moody's along with S&P and the other ratings scam-artists are, in this case, just adding formality to what was already known - Nokia had a big red target painted on it as soon as Android gained any popularity.
What's surprising is the complete and utter inability for Nokia to respond. The death knell, at least for me, was hearing Elop set fire to the existing Symbian property and supply lines... equivalent to detonating your own ammo/fuel dump while being sieged - lots of flash and bang, but no future.
