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Article: IBM CORP., UNITS AFFIRMED BY FITCH; CREDIT TREND NOW IMPROVING -- FITCH FINANCIAL WIRE --

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PR Newswire
Article date:
March 23, 1995
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NEW YORK, March 23 /PRNewswire/ -- IBM Corp.'s (NYSE: IBM) $19.5 billion "A" senior debt, $400 million "F-1" commercial paper, and $263 million "A-" preferred stock are affirmed by Fitch. The following ratings are also affirmed: IBM Credit Corp.'s "A" senior debt and $2.2 billion "F-1" commercial paper; IBM International Finance N.V.'s "A" senior debt and "F-1" commercial paper; and IBM Japan Ltd.'s "A" senior debt. The credit trend is changed to improving from stable.

Thus far in 1995, IBM continues to generate a substantial amount of cash from operations after payment of restructuring charges while debt levels have been reduced; a process begun last year. ...

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