Saturday, 25 July, 2026
Oracle's $498B Slump: S&P Flags Sam Altman's OpenAI as Core Credit Risk
By TechShots Studio
S&P Global Ratings downgraded Oracle’s credit rating to 'BBB-', highlighting Sam Altman's OpenAI as a primary financial risk. With OpenAI accounting for roughly half of Oracle’s $638 billion remaining performance obligations, any default could leave Oracle saddled with exorbitant, unassignable data center leases. Furthermore, Oracle's capital expenditure for fiscal 2027 is projected to hit $95 billion, significantly widening its cash deficit.
Read full story at TIMES OF INDIA