AI Data-Center Borrowing May Test Credit Market: Fortress
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Brian Stewart, global co-head of corporate credit at Fortress, says the credit market could face a more serious absorption problem from AI data-center borrowing. Speaking on "Bloomberg Open Interest," Stewart says that U.S. investment-grade issuance recently reached a record, while the AI funding cycle has so far been driven mainly by venture capital, growth equity and investment-grade bonds.
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