Business · 2h ago
S&P downgrades Oracle to BBB, near junk status
S&P Global Ratings downgraded Oracle's credit rating to BBB, just one notch above junk, citing high debt from its Cerner acquisition and slowing cloud growth. The downgrade reflects Oracle's increased leverage and challenges in its cloud transition. Oracle's stock fell 2% on the news.
Meridian48 take
The downgrade underscores Oracle's struggle to justify its $28B Cerner bet and compete with AWS and Azure in cloud.
Read the full reporting
S&P downgrades Oracle to BBB – only one notch above junk level →
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