Moody's Says It May Upgrade Dell After EMC Deal

Moody's Investors Service on Monday placed Dell Inc.'s Ba2 corporate family rating on review for an upgrade, following the news that Michael Dell and partners are buying ECM Corp. in a $67 billion deal. The move reflects the view that "despite the significant increase in debt and initial leverage, Dell's overall credit profile will be enhanced with the acquisition of EMC, a merger that will create the largest private technology company in the world based on revenues," said Moody's. Standard & Poor's earlier affirmed its BB-+ rating on Dell, but placed its long-term ratings on review for a possible downgrade.