The S&P has followed the ratings agency Fitch in downgrading the outlook on Nokia’s stock. According to Reuters, S&P now believes that Nokia’s stock deserves a “junk” rating.  In the wake of the downgrade, Nokia has seen its stock fluctuate, and investor concern has been visibly on the rise as to the future of the stock. While the actual stock price doesn’t matter that much, the double-downgrade should make Nokia’s management incredibly concerned.

[Source: Reuters]