On a day when Nokia (NOK +0.4%) officially lost its title as the world's biggest phone maker,...

|About: Nokia Corporation (NOK)|By:, SA News Editor

On a day when Nokia (NOK +0.4%) officially lost its title as the world's biggest phone maker, S&P adds insult to injury by joining Fitch in downgrading its debt to junk status, while adding another downgrade could arrive if business doesn't stabilize. Like many others, S&P is worried Nokia's Lumia Windows Phone sales won't offset plunging Symbian sales.