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

> Source: <https://the-decoder.com/sp-global-sees-openai-as-a-key-credit-risk-for-oracle-and-cuts-its-credit-rating/>
> Published: 2026-07-12 11:43:36+00:00

S&P Global has downgraded Oracle's credit rating to "BBB-," one notch above junk status. OpenAI accounts for roughly half of Oracle's $638 billion in contractual obligations. If OpenAI walked away, Oracle would be stuck with massive data center capacity it couldn't fill.

The article [S&P Global sees OpenAI as a "key credit risk" for Oracle and cuts its credit rating](https://the-decoder.com/sp-global-sees-openai-as-a-key-credit-risk-for-oracle-and-cuts-its-credit-rating/) appeared first on [The Decoder](https://the-decoder.com).