HP Credit Rating Cut by Moody's, Put on Negative Watch - Arik Hesseldahl - News - AllThingsD

Meanwhile, HPQ has a market cap of ~$25B

"HP does have pretty ample cash reserves, and Moody’s even says as much in its announcement: $11.3 billion in cash and equivalents as of the end of the most recent quarter, and it said it expects that level to remain north of $8 billion for the forseeable future. Add to that an expected $4 billion in free cash flow in 2013, and it makes it unlikely that HP will need to borrow anytime soon."

HP Credit Rating Cut by Moody's, Put on Negative Watch - Arik Hesseldahl - News - AllThingsD