Not much of a surprise but it is still a bit of a shock to me. My very first mobile phone was a Nokia and at the time they were touted as an incredible company.
http://news.cnet.com/8301-1001_3-57422916-92/s-p-slashes-nokias-credit-rating-to-junk/?tag=cnetRiver
http://news.cnet.com/8301-1001_3-57422916-92/s-p-slashes-nokias-credit-rating-to-junk/?tag=cnetRiver