ORCL · News · 20260729N

Outstanding Indebtedness and Credit Risk

ORACLE CORP · 2026-07-29 · Importance 64 · Surprise 42

Third-party reports stated that Oracle has taken on nearly $130 billion of debt to build AI data centers, with a debt-to-equity ratio of approximately 300%. Other reporting cited a BBB- credit rating and a $273 billion off-balance-sheet debt figure, although the latter was presented as an analyst estimate. S&P Global reportedly downgraded Oracle because of rising AI infrastructure spending, capital expenditures, and customer concentration with OpenAI, while credit-default-swap spreads reached approximately 200 basis points.

Key facts

• Oracle stock fell approximately 2.3% in a regular session while default insurance (CDS) hit 200 basis points, as reported in the headline 'Oracle Stock Drops 2.3% as Default Insurance Hits 200 Basis Points.' source