CHICAGO–(BUSINESS WIRE)–Fitch Ratings believes Dell Inc.’s (Dell) sale of its information
technology services (Services) business to NTT Data Corp. for more than
$3 billion will help reduce approximately $50 billion of debt incurred
to finance Dell’s $67 billion acquisition of EMC Corp. (EMC) announced
Oct. 13, 2015.
Fitch’s ‘BB’ long-term Issuer Default Ratings (IDRs) for Dell and its
direct wholly-owned subsidiary, Dell International LLC (Dell
International), remain on Rating Watch Positive, pending the EMC
acquisition’s close, which is expected in the second half of calendar
2016.
The Positive Watch reflects Fitch’s exp…
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