...- Austin, Texas-based enterprise software provider Oracle Corp. did not issue notes and provide financial policy guidance during the last quarter as we expected. We will likely remain uncertain on the company's financial policy for longer than expected, which is no longer consistent with the timeframe for a CreditWatch listing. - The company cut share buybacks over the last three quarters and constant currency revenue growth accelerated since the acquisition announcement, suggesting a downgrade is somewhat less likely. - We affirmed our '###' issuer credit rating on Oracle and removed it from CreditWatch with negative implications, where we placed it on Dec. 20, 2021. - We also affirmed our '###' issue-level ratings and 'A-2' short-term and commercial paper ratings. - The negative outlook reflects uncertainty about how Oracle intends to manage expenses and capital spending, which could push debt leverage above our downgrade threshold. It also reflects uncertainty about whether the company...
