What the NAIC is looking at – and what is at stake
The review will evaluate the creditworthiness of data center tenants, the exit clauses of leasing contracts, and construction companies’ records including project delays and cost overruns, according to one of the people cited by the FT. Each of those factors speaks directly to the gap between a rating assigned at origination and the credit quality that actually materializes once a facility is built, occupied, and generating revenue.
