Podcast•Feb 20, 2026•0 min
Software Update: AI Saas Scare Haunts Capital Markets
Recent AI upgrades, notably Anthropic’s Claude Co‑worker agent, are unsettling SaaS valuations and complicating IPO plans for many software firms. The devaluation of SaaS‑related loans is eroding the collateral base of collateralised loan obligations, with similar pressures hitting chemical‑sector loans. Meanwhile, the AT1 market recorded a record‑tight spread—mid‑swap plus 300 basis points—but investor demand is softening, raising concerns about market saturation. These dynamics collectively signal heightened risk across equity and debt capital markets.
By The GlobalCapital Podcast
