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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Oracle Corp | NYSE:ORCL | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 2.16 | 1.87% | 117.96 | 118.36 | 116.18 | 116.41 | 6,051,939 | 00:56:45 |
From May 2019 to May 2024
By Josh Beckerman
S&P Global Ratings downgraded Oracle Corp. (ORCL) to A+ from AA- as stock buybacks have increased the software company's debt.
The rating firm said Oracle "has significantly ramped up shareholder returns since the passage of U.S. tax reform," increasing net debt to $18 billion.
S&P has a negative outlook for Oracle, which "reflects our view that given the lack of clear financial policy guidance," the current stock-buyback pace will continue in fiscal 2020.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
July 02, 2019 14:44 ET (18:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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