S&P Global Sees OpenAI as a "Key Credit Risk" for Oracle and Cuts Its Credit Rating
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S&P Global sees OpenAI as a "key credit risk" for Oracle and cuts its credit rating
S&P Global has downgraded Oracle's credit rating to "BBB-," one notch above junk status. OpenAI accounts for roughly half of Oracle's $638 billion in contractual obligations. If OpenAI walked away, Oracle would be stuck with massive data center capacity it couldn't fill. The article S&P Global sees OpenAI as a "key credit risk" for Oracle and cuts its credit rating appeared first on The Decoder.
S&P Global has downgraded Oracle's credit rating to "BBB-". The reason: OpenAI accounts for about half of Oracle's $638 billion in contract liabilities. If OpenAI fails as a customer, Oracle sits on barely usable data center capacities. The article S&P sees OpenAI as a central risk for Oracle and lowers credit valuation first appeared on The Decoder.
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