软银集团的信用风险，以其信用违约掉期（CDS）衡量，已升至近四年来的最高水平，因为人们对AI相关融资及潜在大规模收购的担忧日益加剧。
Group Corp.’s credit risk, as measured by its credit-default swaps, has risen to the highest level in nearly four years as concerns grow over AI-related funding and a potential large acquisition.
软银的五年期CDS周二达到432个基点，这是自2022年11月初以来的最高水平，彭博编制的数据显示。自一周前突破400个基点以来，其已扩大超过30个基点。
SoftBank’s five-year CDS stood at 432 basis points on Tuesday, the highest since early November 2022, data compiled by Bloomberg show. It has widened by more than 30 basis points since moving above 400 a week earlier.
美国云计算服务提供商CoreWeave Inc.的财务压力凸显了AI投资热潮背后债务的增加。软银也正受到审查，因为融资成本上升且其正在考虑收购联合普惠（Allied Universal）。
US cloud computing services provider CoreWeave Inc.’s financial strains have put a spotlight on the mounting debt behind the AI investment boom. SoftBank is also under scrutiny as financing costs rise and it weighs an acquisition of Allied Universal.
彭博智库信用分析师陈思敏（Sharon Chen）认为，软银在截至2027年3月止的财年内将至少出现60亿美元的现金流出，而进一步的AI投资将增加融资需求。她在报告中表示，软银“需要为该交易筹集新资金”，而其贷款价值比可能逼近其自设的25%上限。软银集团股价近期表现疲软，较6月的高点下跌了约50%。
Bloomberg Intelligence credit analyst Sharon Chen sees at least $6 billion of cash outflow from SoftBank in the year ending March 2027, with further AI investment adding to funding needs. SoftBank “would need to raise fresh funds for the deal,” while its loan-to-value ratio could move toward its self-imposed 25% ceiling, she said in a note. SoftBank Group shares have performed poorly of late, falling about 50% from a June high.
