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Wednesday, May 30, 2012

S&P upgrades IBM's credit rating to A+ from AA-, with a stable outlook- 5/31/12

S&P upgrades IBM's credit rating to A+ from AA-, with a stable outlook. The agency cites IBM's "broad product and revenue base," and its growing reliance on high-margin software/services revenue (ed: the latter trend isn't exactly new). As of March 31, IBM had $32B in debt on its balance sheet, and $12.3B in cash and investments.

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