Data Center ABS Gets First AAA Grade From Big Three Rating Firm

A data-center landlord leasing to the operators of the artificial intelligence matrix secured the highest credit grade from one of the top three ratings firms for the first time.

Some $500 million of Compass Datacenters LLC’s latest $830 million asset-backed securitization carries a Aaa rating from Moody’s Ratings. The highly rated debt was able to secure a rate of 1.20 percentage point above its benchmark on Wednesday, after initial talks of around 1.25 to 1.35 percentage point.