Oracle rating downgraded by S&P, now stands one notch above junk and the reason is Sam Altman; rating agency says: OpenAI accounts for roughly half of …
S&P Global Ratings has lowered its long-term issuer credit rating (ICR) on Oracle to ‘BBB-’ from ‘BBB’ — one notch above speculative grade, commonly known as junk status. White the rating agency maintained a stable outlook, it identified Sam Altman-led OpenAI as a “key credit risk” for the company. S&P said that it estimates that…