Moody's affirms Oracle

Moody's Investors Service said it affirmed Oracle Corp.'s A2 long-term and Prime-1 short-term ratings after its bid to buy BEA Systems, Inc for $19.375 per share, or $8.5 billion.

The A2 long-term and Prime-1 short-term ratings reflect Oracle's leading and defensible business position, strong debt protection measures, disciplined financial management, a track record of solid business execution that balances growth and profitability, as well as geographic, customer and end market diversification, the agency said.

The long-term rating is tempered by the company's steady acquisition appetite amid a consolidating enterprise software market that can periodically inject significant levels of debt into its capital structure, Moody's said.

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