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Anthropic expected to get high junk credit rating after IPO, report says
TechCrunch, citing the Financial Times, said Blackstone told investors it now expects Anthropic to receive a high junk rating after its IPO.
Anthropic is expected to receive a high junk credit rating after its initial public offering, TechCrunch reported Friday, citing the Financial Times1.
The Financial Times said Blackstone, described as the anchor investor in a recent $63 billion deal to finance Anthropic's chips, told investors in that deal it now expects the company to receive a high junk rating after the IPO1.
TechCrunch said Blackstone had previously indicated the opposite: that Anthropic would receive an investment-grade rating, signaling lower credit risk, before 20271. The new forecast is a double-B range rating, the top tier of speculative junk grade, according to the reporting1.
TechCrunch contacted Anthropic and Blackstone; both declined to comment1. The outlet described Blackstone's forecast as a prediction and said a high junk rating would make it more expensive for Anthropic to raise money for compute spending1.
Anthropic filed to go public earlier this week, TechCrunch said1.
