Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, report says
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Anthropic is anticipated to receive a high 'junk' credit rating from agencies following its initial public offering, according to a Financial Times report. Blackstone, an anchor investor in a recent $63 billion financing deal for the company's chip purchases, has shifted its forecast from an investment-grade rating to a speculative 'double B' range. This change marks a reversal from Blackstone's previous assertion that Anthropic would achieve investment status before 2027. The potential downgrade reflects concerns over the AI lab's massive spending spree on compute power deals over the past year. A junk rating could make it more difficult and expensive for Anthropic to raise capital needed to sustain its current business model. Anthropic officially filed for its IPO earlier this week, sparking speculation about its impact on the broader AI industry. Both Anthropic and Blackstone declined to comment on the reports when contacted by TechCrunch.
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