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IBM Trying to Steer Clear of Bond Market’s Triple-B Bogeyman

Acquisition announced Sunday will be second-largest tech deal ever. Ratings agencies are already evaluating the impact on IBM’s debt load.

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International Business Machines Corp. (IBM) is trying to avoid the fate of other companies that loaded up on debt to fund acquisitions, saying it will use some of its cash hoard and suspend share buybacks in an effort to prevent downgrades to the cusp of junk.

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