According to Protos, Oracle’s bonds maturing in 2029, issued in February, had a yield of 4.6%, while bonds with the same maturity issued in November rose to 7%. The spread over U.S. Treasuries widened from 0.95 percentage points to 2.40 percentage points. The article noted that S&P currently rates Oracle at BBB- and discussed potential downgrade risks, rather than reporting that the rating has already been cut to junk status. Meanwhile, Oracle stated that demand for AI infrastructure, including older-generation GPUs, remains robust.