> Oracle’s credit rating downgraded to one notch above “junk” territory in July

Lenders are showing signs of unease about their exposure to Oracle. At least one bank that arranged New Mexico loans sold off a portion of the debt for a price below 90 cents on the dollar, people familiar with the matter said. Earlier this year, banks struggled to sell billions of dollars of loans they made to build data centers leased to Oracle in Texas and Wisconsin, The Wall Street Journal previously reported.

The sales of the New Mexico construction loans imply a paper loss of at least $1.8 billion for original lenders.