Moody's Warns of Multi-Trillion Dollar Off-Balance-Sheet AI Debt

Moody's warns that Anthropic and OpenAI carry roughly $2.5 trillion in off-balance-sheet debt, about 7% of US national debt, embedded in circular revenue deals with hyperscalers, with up to $3 trillion expected to hit books within two years.

2026-09-26 ~ 2026-09-26 · 2 related posts

• Moody's Warns Anthropic and OpenAI Carry $2.5T in Off-Balance-Sheet Debt — SumitGup · 2026-09-26
• Anthropic and OpenAI owe hyperscalers ~$2T in compute amid $3T off-balance-sheet debt warning — SumitGup · 2026-09-26