Daiwa: It is expected that the borrowing scale of ultra-large-scale cloud service providers will reach $400 billion this year.

Morgan Stanley predicts that the borrowing scale of super large-scale cloud service providers will reach $400 billion this year, higher than the $165 billion in 2025. Vishwas Patkar, head of credit strategy in the United States, believes that this intensive round of issuance is likely to drive this year's investment-grade bond issuance to a record $2.25 trillion.