Fitch has given Nokia a credit rating of BB+ from BBB-. (Image: Anders Sandberg, via Flickr / CC)

Fitch has delivered a blow to Finnish phone maker Nokia’s credit rating after it downgraded to “junk” due to relatively poor earnings in Q1 2012.
The global ratings agency gave a low BB+ rating from BBB-, which reveals the worsening core Devices and Services division in Q1, including the overall lack of visibility in the phone maker’s short-term future. Fitch also gave negative outlook …