@kamlesh7414
Oracle’s Debt Insurance Hits 16-Year High
Oracle credit default swaps, the cost to insure its debt, have climbed to about 1.28% per year. This is the highest level since 2009 and more than three times the level seen in June.
🔴 The bond market now treats Oracle as one of the riskiest large companies in the entire AI sector.
It is the lowest rated hyperscaler at BBB with more than one hundred billion dollars in debt and a major AI data center and power expansion that relies on OpenAI and the Stargate project.
Oracle will report Q2 earnings on December 10.