S&P upgrades IBM's credit rating to AA- from A+, with a stable outlook. The agency cites...

|By:, SA News Editor
S&P upgrades IBM's credit rating to AA- from A+, 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.