Moody's: IBM unaffected

Moody's Investors Service said that IBM Corp.'s A1 senior unsecured debt rating and Prime-1 short-term rating will not be affected by the company's announcement that its board has authorized an incremental $8 billion to its remaining $2 billion share buyback program and increased its common dividend by 18%.

The last rating action was Oct. 27, 2009, when Moody's said that IBM's announcement that its board has authorized an additional $5 billion stock repurchase plan would not impact the company's A1 senior unsecured credit rating and stable outlook.

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