S&P Global sees OpenAI as a "key credit risk" for Oracle and cuts its credit rating

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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 https://the-decoder.com/sp-global-sees-openai-as-a-key-credit-risk-for-oracle-and-cuts-its-credit-rating/">S&P Global sees OpenAI as a "key credit risk" for Oracle and cuts its credit rating appeared first on https://the-decoder.com">The Decoder.