CDS 5 năm của Oracle đạt mức cao kỷ lục, gây lo ngại cho nhà đầu tư

The Huoxing Finance report states that on July 24, Oracle Corporation’s 5-year credit default swap (CDS) rose to a record high of approximately 203 basis points, meaning the company now pays about $203,000 annually to purchase default protection for every $10 million in debt. Oracle’s CDS has more than quadrupled since mid-2025, surpassing even the peak levels seen during the 2008 financial crisis. On the other hand, the company’s borrowing costs are also rising: the spread on its 6.7% bond maturing in 2056 widened by +8 basis points on Monday to 263 basis points, while the spread on its 5.7% bond maturing in 2036 widened by +9 basis points to 205 basis points. Meanwhile, S&P Global Ratings downgraded Oracle to BBB- on July 9—just one notch above junk status—citing rapid growth in AI-related spending. Oracle’s credit risk has reached crisis levels.