...SAN FRANCISCO (S&P Global Ratings) June 29, 2016--S&P Global Ratings today assigned its '##-' issue-level rating to Redwood City, Calif.-based global software and hardware provider Oracle Corp.'s proposed senior unsecured notes. The company will use the proceeds for general corporate purposes, including the repurchase of common stock and payment of dividends. We rate the new notes the same as the corporate credit rating on the company. Our '##-' corporate credit rating on Oracle is unchanged, and the outlook remains stable. We consider Oracle's financial risk profile minimal. Despite the proposed debt issuance, the company remains committed to maintaining a net cash position and we view its financial policy as conservative. Our ratings and outlook incorporate its ongoing share repurchases and dividends, the latter of which we expect will increase on an annual basis. In March 2016 Oracle expanded its stock repurchase program by $10 billion, and as of May 31, 2016 $8.8 billion remained under...
