unsecured

Less than five years ago, the creditworthiness of Oracle’s unsecured debt was high-A rated, before the company decided to divert a significant portion of its cash flow to shareholders, resulting in multiple-notch downgrades.

If and when the Big Tech companies drive more AI-related revenues, “we think investors will have a clearer line of sight to facilitate unsecured debt issuance,” Patkar wrote.

It’s also easier to get federal student loans than other types of unsecured debt.

In his letter, the MP highlights a 2022 incident, in which it was found that the One Login system was being developed on unsecured workstations by contractors without the required security clearance in Romania.

Also, while stress in unsecured retail and micro-finance loans is moderating, it remains elevated in the bank’s retail commercial vehicle loans.