Morgan Stanley leads a syndicate planning to divest $15 billion in AI data center debt: Although backed by Google (GOOG.US), the bonds are likely to remain speculative grade.

According to reports, the Zhitong Finance APP has learned that a bank syndicate led by Morgan Stanley (MS.US) is preparing to sell approximately $15 billion in debt related to a data center project leased to AI startup Anthropic, which is backed by Google (GOOG.US). Even with Googles endorsement, this batch of bonds is still expected to be classified as speculative grade.