AI financing driving private credit growth as refinancing risks rise, Moody’s says

High levels of borrowing to fund AI infrastructure is expanding private credit beyond traditional corporate lending, but a wave of loans coming due in the next few years could leave weaker borrowers struggling to refinance, Moody’s Ratings said on Tuesday.

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* The ratings agency said AI financing needs now extend beyond data-center construction to land, power, semiconductors, graphics processing units and tensor processing units