going down the cap table, there have already been 12 junk bond data center deals YTD vs 4 in all of 2025.
zerohedge: Hyperscaler spread has drifted from inside AA to A within IG. $570BN+ total issuance in 2026 to fund capex means BBB is next
The post highlights deteriorating credit metrics in the data center and hyperscaler sectors, noting a surge in junk bond deals and widening credit spreads driven by massive projected capital expenditures.
关键要点
Year-to-date junk bond data center deals have surged to 12, compared to just 4 in the previous period.
Hyperscaler credit spreads have widened from AA to A within the investment-grade category.
An estimated $570 billion in debt issuance is expected in 2026 to fund capex, potentially driving credit ratings down to BBB.
