Fortress: AI data-center borrowing may test credit market

Brian Stewart, Fortress's global co-head of corporate credit, said AI data-center borrowing could pose a more serious absorption problem for the credit market. U.S. investment-grade issuance recently hit a record, while the AI funding cycle has so far relied on venture capital, growth equity and investment-grade bonds.

• Fortress warns AI data-center debt could strain the credit market
• U.S. investment-grade issuance recently reached a record
• AI funding so far driven by VC, growth equity and IG bonds