AI credit default swap spreads widen sharply
15/10/2026 06:05
AI credit default swap spreads widen sharply SINGAPORE, Oct 15 (Reuters) - The cost of insuring against US tech defaults has hit record levels in the latest sign of credit stress building in the AI trade, especially for data centres dependent on future revenue.
Five-year credit default swap spreads at cloud computing giant Oracle ORCL.N widened by 26 basis points overnight to a record 288 bps, according S&P Global Market Intelligence.
Five-year spreads for AI investor SoftBank 9984.T widened 24 bps to 424 bps. For data-centre operator CoreWeave CRWV.O they have blown out past 1000 bps, according to LSEG data CRWV5YUSAX=MG.
(Reporting by Tom Westbrook; Editing by Christopher Cushing)
((tom.westbrook@tr.com; +65 6973 8284;))
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