Deutsche Bank Warns Software Sector Threatens Loan Market

Deutsche Bank analysts told Bloomberg on Feb. 9 that a downturn in software and technology could rival the 2016 energy shock for speculative-grade credit, noting software and tech represent 14% ($597 billion) and 16% ($681 billion) of that debt. They warned SaaS multiples and revenues face pressure from rapid AI adoption, citing falling loan prices and about $800 billion wiped from enterprise-tech market value.