Moody's: IBM unchanged

Moody's Investors Service said it said that IBM Corp.'s senior unsecured debt rating of A1 and Prime-1 short-term rating will not be affected by the company's announcement that it has entered into a definitive agreement to acquire SPSS Inc for $1.2 billion in cash.

According to the agency, SPSS (unrated) is a provider of predictive analytics software that is used to predict customer behavior, helping reduce credit risk, improve customer acquisition and retention, and to prevent fraud.

The proposed acquisition "represents a good strategic addition to IBM's existing business analytics software efforts and highlights IBM's increasing focus on its software analytics capabilities," said Moody's senior vice president, Richard Lane.

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