S&P Cuts Oracle Credit Rating to One Notch Above Junk Over AI Exposure

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S&P Global Ratings has downgraded Oracle's credit rating from BBB to BBB-, placing it just one level above junk status. The agency flagged significant risks tied to Oracle's rapidly expanding AI infrastructure business. A major concern is Oracle's heavy dependence on OpenAI as a client, which creates concentrated credit risk. If OpenAI were to default, Oracle could face serious financial strain from its large data center lease commitments. S&P also warned that Oracle's rating could be cut further if its debt leverage surpasses 4.5 times earnings.

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