Moody's raised ratings on Nokia's unsecured debt, citing expected profit gains and stronger operations. This supports a better view of Nokia's ability to pay its debts, though the expected gains have no stated size or timing.
A stronger debt rating signals that Moody's sees Nokia as better able to meet its borrowing obligations. The expected profit gains have no stated size or timing, so this is a positive sign rather than proof that profits have already risen.
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