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Home  /  AI News  /  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

By Garp EditorialUpdated
1 min read Section: AI News Publisher: Garp
S&P Global sees OpenAI as a “key credit risk” for Oracle and…

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. com”>The Decoder.

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