Blackstone expects Anthropic’s IPO to draw double-B junk — SkimNews
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- Financial Times reported that Anthropic is expected to receive a high “junk” rating from credit-rating agencies following its IPO.
- Blackstone, anchor investor in a recent $63 billion deal to finance Anthropic’s chips, told investors it expects the AI lab to receive a high junk rating after the IPO.
- Blackstone had previously said the opposite—that Anthropic would receive an investment-grade rating before 2027—but now expects a double-B rating, the top tier of speculative junk.
- TechCrunch reached out to Anthropic and Blackstone, and both companies declined to comment.
- Anthropic racked up large compute-power deals over the past 12 months; a high junk rating would make raising money for its massive spending more difficult and costlier.
- Anthropic filed to go public earlier this week, prompting speculation about how the IPO would affect the broader AI industry.
Why it matters: Blackstone, the anchor investor in a $63 billion chip-financing deal, had expected Anthropic to reach investment grade before 2027. Under its new double-B forecast, Anthropic would face harder, costlier financing for the compute-heavy spending that has worried investors and undergirded its business.
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