A credit rating drop below investment grade could trigger the termination of derivative agreements, which had a liability position of $693 million at quarter-end. This creates significant pressure to maintain financial health, manage debt effectively, and mitigate liquidity risks.
Filing excerpt
Our contractual agreements governing derivative instruments contain standard market clauses which can trigger the termination of the agreement if our credit rating were to fall below investment grade.
What this signalsFilings often name leadership changes, deals and spending plans.
sec-10qcashFlowConcernGet every 10-Q signal for IBM and the companies you sell to, in the tools you already use.
Connect Autobound to Claude, Claude Code or Cursor with MCP. Then ask: “What changed at IBM this week?”
The Signal API returns 10-Q signals for any list of companies as JSON, for your CRM, warehouse or app.
Sign up and spend your free credits on the companies you sell to.
This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.
Company
linkedin_urlValue in the APIindustriesValue in the APIemployee_count_lowValue in the APIemployee_count_highValue in the APIrevenueValue in the APIdescriptionValue in the APISignal
signal_nameValue in the APIassociationValue in the APIGET /v1/signals/a01bf263-ca02-43b5-b483-8049314d991b returns this record as JSON. POST /v1/companies/enrich returns every signal for ibm.com.
{
"signal_id": "a01bf263-ca02-43b5-b483-8049314d991b",
"signal_type": "sec-10q",
"signal_subtype": "cashFlowConcern",
"detected_at": "2026-04-28T10:05:23.319+00:00",
"company": {
"name": "IBM",
"domain": "ibm.com"
},
"data": {
"detail": "A credit rating drop below investment grade could trigger the termination of derivative agreements, which had a liability position of $693 million at quarter-end. This creates significant pressure to maintain financial health, manage debt effectively, and mitigate liquidity risks.",
"metrics": {
"timeframe": "current_quarter",
"dollar_context": "Fair value of derivative instruments in a liability position subject to termination upon credit rating downgrade",
"dollar_millions": 693
},
"summary": "IBM discloses $693M in derivative liabilities at risk of termination if credit rating falls.",
"excerpts": "Our contractual agreements governing derivative instruments contain standard market clauses which can trigger the termination of the agreement if our credit rating were to fall below investment grade.",
"relevance": 0.7,
"sentiment": "negative",
"confidence": "high",
"source_url": "https://www.sec.gov/Archives/edgar/data/51143/000005114326000038/ibm-20260331.htm",
"filing_date": "2026-04-23",
"filing_year": 2026,
"fiscal_year": 0,
"fiscal_year_end": "03/31",
"sales_relevance": "Treasury/cash management needs",
"signal_category": "financial"
}
}
curl https://signals.autobound.ai/v1/signals/a01bf263-ca02-43b5-b483-8049314d991b \
-H "X-API-KEY: $AUTOBOUND_API_KEY"curl -X POST https://signals.autobound.ai/v1/companies/enrich \
-H "X-API-KEY: $AUTOBOUND_API_KEY" \
-H "Content-Type: application/json" \
-d '{"domain":"ibm.com","limit":20}'Long text fields are shortened on this page.
Looking up one signal by its id is free. Enrich costs 2 credits per signal returned; a call with no results is free.