TECHNOLOGY - Dec. 13, 1991
From Times Staff and Wire Reports
IBM May Lose Triple-A Bond Rating: Moody’s Investors Service Inc. said it may lower International Business Machines’ senior debt, which enjoys the highest rating given by the agency. A downgrading could raise the cost of borrowing for the world’s largest computer maker by forcing it to pay higher interest rates to attract lenders. Such an action could affect about $18 billion owed by IBM and its subsidiaries.
