NEWS · MONEY · #2856
Anthropic expected to receive high 'junk' (double-B) credit rating after IPO, report says
According to the Financial Times, Blackstone — an anchor investor in a recent $63 billion chip-financing deal for Anthropic — told investors it expects the AI lab to receive a double-B-range (high junk) credit rating after its IPO. Blackstone had previously forecast an investment-grade rating before 2027; a junk rating would likely raise Anthropic’s borrowing costs as it continues heavy compute and spending commitments.
KEY POINTS
- According to the Financial Times, Blackstone — an anchor investor in a recent $63 billion chip-financing deal for Anthropic — told investors it expects the AI lab to receive a double-B-range (high junk) credit rating after its IPO.
- Blackstone had previously forecast an investment-grade rating before 2027; a junk rating would likely raise Anthropic’s borrowing costs as it continues heavy compute and spending commitments.
- A double-B junk rating would increase Anthropic’s cost of capital and could hinder its ability to fund large compute and growth plans, with knock-on effects for AI industry financing.
WHY IT MATTERS
A double-B junk rating would increase Anthropic’s cost of capital and could hinder its ability to fund large compute and growth plans, with knock-on effects for AI industry financing.