Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, report says
Summary
Anthropic is expected to receive a high "junk" credit rating from credit rating agencies following its initial public offering, according to a Financial Times report. Blackstone, an anchor investor in a recent $63 billion deal to finance Anthropic's chips, reportedly told investors it now expects the AI lab to receive a "high" junk rating after its IPO—specifically a double B range rating, the top tier of speculative grade. This reverses Blackstone's earlier guidance that the Claude-maker would secure an investment-grade rating before 2027. Both Anthropic and Blackstone declined to comment to TechCrunch. While only a prediction, a high junk rating would make it more difficult and costlier for Anthropic to raise money to fund its massive spending, including large compute power deals over the past 12 months that have worried investors. Anthropic officially filed to go public earlier this week, sparking speculation about the IPO's impact on the broader AI industry.
(Source:TechCrunch)