Morgan Stanley Sells ABS Deal After Delay Over Alibaba Risk

• Morgan Stanley has finalized the sale of $589 million in bonds for ServerFarm, following a delay due to concerns about the company's dependence on revenue from Alibaba Group. This transaction underscores the complexities involved in financing amid market uncertainties.
• The completion of this deal is significant for Morgan Stanley as it reflects the bank's ability to navigate risks associated with major clients like Alibaba, which could impact investor confidence and future transactions.
• This situation illustrates a broader trend in the financial markets where banks are increasingly scrutinizing the stability of revenue sources, particularly from large technology firms, as they seek to mitigate potential risks in their investment portfolios.

— via World Pulse Now AI Editorial System