Moody's places Sonera on review for possible downgrade.
NORDIC BUSINESS REPORT-27 March 2001-Moody's places Sonera on review for possible downgrade(C)1994-2001 M2 COMMUNICATIONS LTD http://www.m2.com
Moody's Investors Service has placed the Finnish telecommunications operator Sonera Corporation's senior unsecured A2 long-term debt ratings and the short-term Prime-1 debt rating on review for possible downgrade.
The decision to place Sonera's ratings on review was said to be a result of growing concerns that continuing negative market sentiment would impair Sonera's asset disposal plan regarding its 7.9% equity holding in VoiceStream.
Moody's said it believed that the review could lead to more than a one notch downgrade in the company's long-term debt rating.
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|Title Annotation:||Finnish telecommunications operator Sonera|
|Publication:||Nordic Business Report|
|Article Type:||Brief Article|
|Date:||Mar 27, 2001|
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