Ericsson set to become rising star


Ericsson’s fortunes improved dramatically last month after rating agency Moody’s announced a surprise two-notch upgrade for the handset manufacturer. Some analysts are even predicting that Ericsson may return to investment grade as early as next year.

Moody’s has stated that further upgrades are likely in a “short time frame” if the current trends continue. For Aizaz Sheikh, senior analyst, high yield at BNP Paribas, the two-notch upgrade from B1 to Ba2 reflects the overall positive credit trend

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