S&P Global Ratings downgraded Oracle Corp.’s long-term issuer credit rating by one notch to BBB-, the lowest investment-grade level, while maintaining a stable outlook, citing higher overall credit risk from the company’s rapid expansion in AI infrastructure, according to Jiemian News. S&P said Oracle’s AI business requires heavy upfront investment and long-term data-center lease commitments; it also pointed to intense competition and rivals with stronger financing capacity. S&P now expects Oracle’s fiscal 2027 operating activities to consume about $42 billion in cash, up from its prior estimate of $24 billion. After the action, Oracle’s long-term rating is BBB- and its short-term rating is A-3.