FT reports that Anthropic is expected to receive a higher junk-grade credit rating after its IPO
Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, FT report says
According to a Financial Times report, Blackstone told investors it expects Anthropic to be rated at a higher junk grade by credit rating agencies after its IPO. Blackstone was an anchor investor in a recent $63 billion deal to finance Anthropic's chips, and it had previously said Anthropic would obtain an investment-grade rating by 2027; it now expects a double-B (BB) range, the highest tier of speculative junk ratings. TechCrunch sought confirmation from Anthropic and Blackstone, and both declined to comment. The report noted that a high junk rating would make it harder and more costly for Anthropic to raise financing to support its large-scale spending; over the past 12 months the company has signed several large compute deals, raising investor concerns. Anthropic formally filed for a listing earlier this week.