AI construction crunch widens credit fault lines for data-center debt
About $500 bln of data-center debt has been issued this year, but lender pricing and protections are reshaping demand. Risk is recalibrating fastest for borrowers awaiting permits and power as the safety-to-speculation spread widens.
By Sebastian PellejeroAbout $500 bln of data-center debt has been issued this year already, but lender pricing and protections tell another part of the demand tale. Risk is recalibrating fastest for borrowers awaiting permits and power. Full…