Anthropic may miss investment-grade rating after IPO: report
On S&P and Fitch scales, BBB- or higher is investment grade, while BB+ or lower is junk.
Anthropic's initial public offering may result in a high "junk" credit rating from agencies, per a Financial Times report. The investment firm Blackstone, which led a $63 billion deal financing the AI lab's chips, informed investors that Anthropic is anticipated to receive a "high" junk rating post-IPO, despite previously stating it would receive an investment-grade rating.
Blackstone now anticipates a double B range rating, the highest tier of speculative "junk" grade. This prediction could prove problematic for Anthropic, as a high junk rating might make it tougher and pricier to raise funds to sustain its substantial spending on computing power, a trend that has raised investor concerns. Anthropic recently filed to go public, sparking speculation about the IPO's potential impact on the wider AI sector. Both Anthropic and Blackstone declined to comment on the matter.
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