{"id":9937,"date":"2012-04-16T14:51:23","date_gmt":"2012-04-16T12:51:23","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=9937"},"modified":"2012-04-17T16:05:20","modified_gmt":"2012-04-17T14:05:20","slug":"nokia-defends-position-after-moodys-cut","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/9937\/nokia-defends-position-after-moodys-cut\/","title":{"rendered":"Nokia defends position after Moody&#8217;s cut"},"content":{"rendered":"<p><a title=\"Moody's\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1973-Moody-s\">Moody&#8217;s<\/a> cut its rating on <a title=\"Nokia\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/1650-Nokia-Corporation\">Nokia<\/a> to one notch above junk on Monday, prompting the Finnish mobile phone company to defend its cash position and cost-cutting plans.<\/p>\n<p>&#8220;Nokia will continue to increase its focus on lowering the company&#8217;s cost structure, improving cash flow and maintaining a strong financial position,&#8221; Nokia CFO <a title=\"Timo Ihamuotila\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/2030-Timo-Ihamuotila\">Timo Ihamuotila<\/a> said in a statement after Moody&#8217;s cut its long-term credit rating to Baa3.<\/p>\n<p>Nokia, which warned last week of losses for the first and second quarters, said it had gross cash balances of 9.8 billion euros ($12.8 billion) and a net cash position of 4.9 billion euros as of March 31.<\/p>\n<p><strong>Related articles<\/strong><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/9879\/nokia-fixes-lumia-bug\/\"><strong>Nokia fixes Lumia bug<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/9681\/investors-are-losing-faith-in-nokia\/\"><strong>Investors are losing faith in Nokia<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/9563\/nokia-shares-crash-on-loss-prediction\/\"><strong>Nokia shares crash on loss prediction<\/strong><\/a><\/p>\n<p><a title=\"BusinessTech Article\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/9538\/nokia-projects-successive-quarter-losses\/\"><strong>Nokia projects successive quarter losses<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s cut its rating on Nokia to one notch above junk on Monday, prompting the Finnish mobile phone company to defend its cash position and cost-cutting plans.<\/p>\n","protected":false},"author":7,"featured_media":9540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,1512,187],"class_list":["post-9937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-moodys","tag-nokia"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=9937"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9937\/revisions"}],"predecessor-version":[{"id":10099,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9937\/revisions\/10099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/9540"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=9937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=9937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=9937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}