Meta's credit risk indicator jumps to record high after results
Oct 22 (Reuters) - The cost of insuring Meta Platforms' META.O debt against default hit an all-time high on Monday, as investors grappled with concerns about the cost of its expanding AI build-out.
Five-year credit default swaps gained 7.3 basis points to a record high of 114.5 bps and were set for its biggest one-day jump since at least 2025, Markit data showed.