Fitch Rates Oracle's (ORCL) senior notes offering 'BBB' and affirms IDR, with outlook stable
Fitch's 'BBB' rating for Oracle's senior notes signals a solid investment grade, confirming market confidence in the company's credit quality.
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Fitch Rates Oracle's (ORCL) senior notes offering 'BBB' and affirms IDR, with outlook stable
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- 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.
The stable outlook suggests no immediate changes in creditworthiness, allowing expectations of orderly debt raising for various corporate purposes, including acquisitions. This could influence investor sentiment in both fixed income and equities as the market digests the implications for Oracle's financial flexibility moving forward.
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