Moody's ups Oracle debt

Moody's Investors Service said it upgraded Oracle Corp.'s senior rating to A1 from A2 and affirmed the short term rating at P-1.

The outlook is stable.

The upgrade to A1 was driven by further evidence of Oracle's effectiveness in integrating acquisitions, along with expectations of continued exceptional cash flow generating capability, the agency said. The upgrade also reflects the recognition that the company's market position, increasing scale and ongoing financial policies can accommodate its acquisition strategy and still retain financial flexibility.

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