Fitch Ratings announced Tuesday it had raised the long-term rating of Nokia BB to BB +, and have combined with a positive outlook.
This increase reflects “improved operational profile ( Nokia) following its acquisition of Alcatel-Lucent, a steady improvement in its operational technologies division network and a strong financial performance in 2015 Alcatel-Lucent despite a long acquisition procedure. “
While integration risks remain, Fitch believe the “manageable”.
“We believe that Nokia will reduce its debt of three billion euros, according to its optimization program of the capital structure announced in October 2015 “.
(Wilfrid Exbrayat for the french service)
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