Refile: Meta's credit risk indicator jumps to record high after results
Today 14:28
REFILE-Meta's credit risk indicator jumps to record high after results Corrects day in paragraph 1
Oct 22 (Reuters) - The cost of insuring Meta Platforms' META.O debt against default hit an all-time high on Thursday, as investors grappled with concerns about the cost of its expanding AI build-out.
Five-year credit default swaps FBA5YUSAX=MG gained 7.3 basis points to a record high of 114.5 bps and were set for its biggest one-day jump since at least 2025, Markit data showed.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Arun Koyyur)
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