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Oracle cites 'force majeure' to shield itself on controversial data center

155 points · 153 comments · simonpure

  1. shimman · · focus · HN ↗
    Finding out that Oracle has a bond rating of BBB- [1] (one step above junk bonds) feels very appropriate for such a company with such a sordid history.

    [1] <a href="https:&#x2F;&#x2F;www.spglobal.com&#x2F;ratings&#x2F;en&#x2F;regulatory&#x2F;article&#x2F;-&#x2F;view&#x2F;sourceId&#x2F;101695609" rel="nofollow">https:&#x2F;&#x2F;www.spglobal.com&#x2F;ratings&#x2F;en&#x2F;regulatory&#x2F;article&#x2F;-&#x2F;vie...

    1. apercu · · focus · HN ↗
      Still too high of a rating.
      1. someonebaggy · · focus · HN ↗
        It&#x27;s based solely on thejr expected ability to replay, not their ethics.
        1. dgellow · · focus · HN ↗
          Not really, no. Their debt trades like junk since some times, the rating agencies are either complicit or out of touch here
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