Fitch Rates Oracle's (ORCL) senior notes offering 'BBB' and affirms IDR, with outlook stable
Importance
Level 1
- Fitch Ratings has assigned Oracle Corporation's proposed benchmark size unsecured bonds a 'BBB' rating. The company will use net proceeds for general corporate purposes which may include capex, debt repayment, and acquisitions. Fitch has affirmed Oracle's Long- and Short-Term Issuer Default Ratings (IDRs) at 'BBB' and 'F2', respectively. The Rating Outlook is Stable.
- Oracle expects to raise USD 45-50bln in cash through the new notes and equity issuances.
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