Goldman Sachs flags diverging risks in AI‑linked debt between investment‑grade and high‑yield markets

Summary

New Goldman Sachs research highlighted by Reuters finds that a surge in AI‑related bond issuance to finance data centers and infrastructure is underperforming broader credit markets, with risks showing up differently in investment‑grade versus high‑yield segments. Investors are becoming more selective, with worries seen as issuer‑specific for top‑rated big tech borrowers but more sector‑wide in high yield, while the Bank of England has separately warned that heavy AI infrastructure borrowing could pose financial‑stability risks if valuations correct. ([reuters.com](https://www.reuters.com/business/ai-credit-concerns-playing-out-differently-investment-grade-high-yield-goldman-2025-12-05/))