kapynFunding & M&A

S&P Global sees OpenAI as a "key credit risk" for Oracle and cuts its credit rating

S&P Global downgraded Oracle's credit rating, citing OpenAI as a significant financial risk. OpenAI represents about half of Oracle's substantial contractual obligations, posing a threat to Oracle's data center business if the partnership dissolves.

The Decoder·Jul 12, 2026

Opening Kapyn…