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The article focuses on the move of IC Industries Inc. to avoid downgrading by U.S. rating agencies. It says that the ratings cut is making it hard for IC to sell commercial paper in the country at reasonable cost. It tells that the company then seek foreign investors less concerned with official credit ratings and opened up a whole new source of short-term financing for other U.S. corporations. It mentions that behind IC's move was the downgrading by Standard & Poor of its commercial paper.