Oracle's $638 billion AI backlog meets a credit rating downgrade to BBB- as the company scrambles to raise $50 billion while preserving investment-grade

S&P cut Oracle to BBB-, one notch above junk, as $250 billion in AI data-centre spending burns cash and bond investors price the debt closer to junk levels.

Oracle's $638 billion AI backlog meets a credit rating downgrade to BBB- as the company scrambles to raise $50 billion while preserving investment-grade