UGN Security
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UGN Security
[Reuters] S&P cuts Nokia rating further on Siemens venture buyout
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07/05/13
12:14 PM
LONDON, July 5 (IFR) - Standard & Poor's downgraded Nokia further into junk territory on Friday, warning that the Finnish telecom firm's plan to take over Siemens AG's stake in their joint network equipment venture would strain its finances.
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