Techdamentals
Oct 16, 4:59 AM
$ARES is in the private credit business, and the AI infrastructure buildout has become one of the largest financing opportunities in that market.
Worth knowing how the public side prices the same risk. A five-year credit default swap near 1,038 basis points means roughly 1,038,000 dollars a year to insure 10 million of exposure.
Broke down what those numbers mean.
https://techdamentals.com/newsletter/why-coreweaves-credit-default-swaps-hit-a-record?ref=st
Educational, not advice.
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