Announcing the AIR Platform

AIR Platforms is announcing its AI-powered credit intelligence solution.

AI-Powered Credit Intelligence

Key Statistics

• Median lead time over legacy: 0 months to 11 months
• Corporate debt scored daily: $0T — $11T+
• Median deployment: 0 — 1 day

Monitor risk, analyze exposures, and move first with AI.

Continuous, explainable intelligence across every company.
Designed by AIR Platforms. Built in New York.

Trusted by:

• CLO Manager: $10B AUM
• Credit Manager: $20B AUM
• Asset Management Firm: $500B AUM
• Investment Bank: Global
• Hedge Fund: US
• Credit Fund: Direct Lending
• Global Bank: $2T+ Assets
• Energy Company: US

The Problem

The pace of credit markets has outgrown the pace of credit assessment.

Issuer fundamentals shift continuously, but most credit views are produced on quarterly or annual cycles. AIR provides a continuously recalibrated layer that fills the gap between those refresh points.

AIR Signal

• Median lead time on recent corporate defaults: 11 months
• Coverage of recent defaults flagged early: 75%
• Update frequency on monitored issuers: Daily
• Private issuers covered beyond the rated universe: 500k+

Case Study: Early warning. Then the bankruptcy.

AIR's risk engine assigned Wolfspeed (WOLF) a CCC-equivalent Risk Score as far back as 2019 — three years before the company tapped the capital markets for a $1.25B senior note issue in June 2023. The signal was driven by sustained profitability deterioration, rising leverage, and company-specific factors AIR isolated from sector noise.

In June 2025, AIR published a case study showing the model's trajectory in real time. Roughly two weeks later, Wolfspeed announced its Chapter 11 restructuring. Customers monitoring the name through AIR had years to reduce exposure, hedge, or exit.

Read the full methodology

Wolfspeed Timeline

1. 2019: AIR Risk Score crosses into CCC-equivalent (First red signal)
2. 2020: Profitability and leverage drivers dominate (Score deepens to single-C)
3. Jun 2023: Wolfspeed sells $1.25B senior notes (Capital markets still open)
4. Jun 2025: AIR publishes Wolfspeed case study (Score still flagging distress)
5. Jul 2025: Wolfspeed files for Chapter 11 (~2 weeks after AIR post)

Customers

Embedded in live credit workflows across institutional finance.

Anonymized customer outcomes from institutions running AIR in production today.

• CLO-focused credit manager, affiliated with a publicly traded global investment bank (6–12 Months Earlier: Early Risk Detection)
• Credit-focused investment manager specializing in CLOs and structured credit, managing multi-billion dollar portfolios (10× Faster: Decision Speed)
• Global leader in credit and structured finance, spanning CLOs, private credit, and insurance (100% Coverage: Public and Private BSL Coverage at Scale)
• Energy company focused on counterparty risk initiatives (Forward Scenarios: Geo-Political Stress Testing)
• Global systemically important bank providing diversified wholesale, corporate, and investment banking services across major markets (11–12 Months Earlier: Early Credit Deterioration)

Asset Classes

Coverage across the full corporate credit spectrum.

From private credit and direct lending to investment grade corporates, AIR delivers continuous credit intelligence across the asset classes that matter to institutional portfolios.

• Private Credit and Direct Lending: Institutional-grade credit intelligence where legacy ratings do not reach.
• Private Companies: Continuous credit intelligence for the private issuer universe.
• Investment Grade Corporates: The early warning layer on top of the rated universe.
• High Yield Corporates: Default prediction and recovery for the speculative grade universe.
• Leveraged Loans (BSL): Loan-level credit surveillance built for CLO managers and loan funds.
• CLOs and Structured Credit: Underlying-loan intelligence for CLO investors and managers.

Who We Serve

Built for the institutions that move global credit.

From wholesale banks to specialist credit funds, AIR is in production at the institutions that cannot afford to be late.

• Financial Institutions: Wholesale, counterparty, and portfolio credit at scale.
• Private Credit, Direct Lenders, CLOs, and BDCs: Origination diligence to ongoing surveillance.
• Energy and Utilities: Counterparty risk in volatile, capital-intensive markets.
• Hedge Funds: Alpha from credit deterioration signals.
• Asset Managers: Public credit research, faster.
• Corporates: Counterparty risk across customers and suppliers.
• Pension Funds: Long-duration credit oversight.
• Insurers: Underwriting and investment book monitoring.
• Asset Servicers: Surveillance and reporting infrastructure.
• Sovereigns and Central Banks: Systemic credit oversight.

“We saw the deterioration in our largest single-name exposure eleven months before the agencies acted. AIR is now part of how we run the book.” Head of Credit · U.S. middle-market CLO manager

From the Credit Lab

Research Highlights

• Wolfspeed: six years of warning before Chapter 11
  AIR's model flagged Wolfspeed at CCC-equivalent in 2019. Two weeks after our June 2025 case study, the company filed for bankruptcy.
  Read more

• AI data centers are testing energy credit
  Explosive data-center load growth is exposing counterparty blind spots across utilities, off-takers, and midstream partners — and traditional credit can't see them.
  Read more

• AIR: bringing the power of AI to credit
  The first standardized, AI-powered framework that evaluates and compares credit risk and opportunity on a consistent basis across public and private markets.
  Read more

Get Started

A continuously updated view of credit risk on every issuer that matters to your book.

• 11-month median lead time
• Private and Public issuers covered
• SOC 2 Type II