...SAN FRANCISCO (S&P Global Ratings) Nov. 7, 2017--S&P Global Ratings said today that it assigned its '##-' issue-level rating to Redwood City, Calif.-based global software and hardware provider Oracle Corp.'s proposed senior unsecured notes dated 2023, 2024, 2027, 2037, and 2047. The company will use the proceeds for general corporate purposes, including the repurchase of common stock, payment of dividends, and debt repayment. 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. We note that we net Oracle's surplus cash (adjusted for...
