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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read "The Killing" misfires at end of first season 20 Jun 2011 Russia says plane crash kills 44, eight injured | 1:01am EDT Greek PM faces confidence vote, fights to avert default | 12:50am EDT Fitch sees risk of Greece, U.S. debt defaults 20 Jun 2011 UPDATE 2-Italy to bring forward deficit-cutting decree-sources 23 May 2011 Discussed 48 Weiner tells friends he will resign: NY Times 46 IMF cuts U.S. growth forecast, warns of crisis 46 Ron Paul wins 2012 Republican straw poll in New Orleans Watched Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 Airbus A380 damaged at Paris Air Show Mon, Jun 20 2011 Grim cigarette labels aim to curb smoking Mon, Jun 20 2011 Apple deal could buy Nokia time to change: Moody's Tweet Share this Email Print A customer looks at Nokia phones at a showroom run by Sri Lankan conglomerate Softlogic in Colombo May 23, 2011. Credit: Reuters/Dinuka Liyanawatte Related News UPDATE 4-Moody's may downgrade Italy on rates, growth concern Fri, Jun 17 2011 After RIM warning, all eyes on new product outlook Wed, Jun 15 2011 Moody's puts French banks on review for downgrade over Greece Wed, Jun 15 2011 Nokia wins rare battle as Apple settles legal row Tue, Jun 14 2011 Samsung, Apple to end Nokia's smartphone reign Mon, Jun 13 2011 Analysis & Opinion Is a Facebook iPad App finally coming? Apple’s reality distortion field envelops JCPenney Related Topics Technology » Steve Jobs » HELSINKI | Mon Jun 20, 2011 4:55pm EDT HELSINKI (Reuters) - Struggling Nokia (NOK1V.HE) possibly bought itself more time to change itself through a patent deal with Apple (AAPL.O), ratings firm Moody's said on Monday. However, it said the patent deal was not sufficient enough to change its view on the pressures Nokia's creditworthiness faces and it would continue its review for a possible downgrade on its rating of Nokia. Last week Nokia won a long legal battle over technology used in Apple's top-selling iPhone and will likely be paid hundreds of millions of dollars, with some experts estimating Apple's one-off payment at $650 million. "The payments from Apple may give Nokia more time to cope with a challenging portfolio transition before its capital structure, which is currently very strong, begins to erode," Wolfgang Draack, Senior Vice President at Moody's, said in a statement. After Nokia warned on second quarter results on May 31, Moody's placed Nokia's A3 long-term debt rating on review for downgrade amid concern that Nokia is at risk of losing its market leadership position, brand recognition and scale while possibly also experiencing negative cash flow. (Reporting by Tarmo Virki, editing by Bernard Orr) Technology Steve Jobs 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. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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