Innovations in the digital economy are sparking a significant surge in demand for and financing of data centers.

Every online save, search, and AI query requires a server and data storage. As the technological revolution advances, the resulting growth in the facilities that house this infrastructure is likely to reshape entire sectors.  

At S&P Global Ratings, our subject matter specialists are closely analyzing the implications of data center growth on key related industries, its potential to influence credit quality, and the limitations and risks that could shape the future of the tech sector's AI and cloud ambitions. 
 
Explore our coverage and criteria to understand the credit implications of the data center boom.

Beignet Investor LLC’s $27.3 Billion Senior Secured Debt Assigned Preliminary ‘A+’ Rating; Outlook Stable

Blue Owl Capital Inc. (Blue Owl; BBB/Stable), through its affiliated funds, created a project finance-style holding company Beignet Investor LLC (HoldCo or Issuer) to invest in an 80% interest in a joint venture (JV) with Meta Platforms Inc. (Meta; AA-/Stable).

Understanding Our 'A+' Rating on the Large-Scale Data Center Project Financing

S&P Global Ratings leading project finance analysts hosted a live interactive webinar on the recent $27.3 billion debt issuance by Beignet Investor LLC to finance its partnership with Meta Platform Inc. for construction and operation of a massive 2.064-GW data center campus in Louisiana. 

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