Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, report says

Automated excerpt

Anthropic is expected to receive a high “junk” rating from credit rating agencies following its initial public offering, according to a report from the Financial Times. The FT says the investment giant Blackstone, the investment giant and anchor investor in a recent $63 billion deal to finance Anthropic’s chips, told investors in the deal that it expects the AI lab to receive a “high” junk rating after its IPO. Now, Blackstone expects double B range rating, the top tier of speculative “junk” grade, according to the reporting.

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