Moody's Upgrades Nokia's Outlook to Positive, Affirms Ba1 Credit Rating

Moody's upgraded Nokia's outlook to positive from stable while affirming its Ba1 credit rating. The agency expects Nokia's profitability to strengthen in 2026-2028 due to growth in network infrastructure, particularly optical and IP-based equipment. Moody's also highlights Nokia's investment in AI-based network solutions and collaborations with tech players, such as Nvidia's acquisition of a 2.9% stake.