"According to S&P, the core of the problem is Oracle's enormous investments in expanding AI data centers. S&P forecasts a deficit in free operating cash flow of almost 42 billion US dollars for the 2027 fiscal year."

https://www.heise.de/en/news/S-P-downgrades-Oracle-to-BBB-only-one-notch-above-junk-level-11363472.html