A credit rating is a likelihood of default. In other words, Moody's believes that Nokia has a non-negligible chance of declaring bankruptcy. These ratings are i

A credit rating is a likelihood of default. In other words, Moody's believes that Nokia has a non-negligible chance of declaring bankruptcy. These ratings are intended for investors. Moody's isn't passing judgement on Nokia as an employer, though you may take into consideration the probability of getting laid-off in the next 12 months.