Seeing a lot of fear around $META 5-year credit default swaps hitting an all-time high but I think people are reading way too much into this. Meta is still AA-rated with ~$82B in cash and a massive ads business generating ~$250B annually giving it a much stronger credit profile so the recent spike could have more to do with banks hedging exposure to Meta's massive AI debt financing than actual default risk. Really important not to confuse rising CDS spreads as some type of signal for a weakening business because thats not whats happening here.
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