Blackstone expects Anthropic to receive junk credit rating after IPO
Overview
Blackstone, an anchor investor in a $63 billion chip financing deal with Anthropic, now expects the AI lab to receive a high junk rating after its IPO, according to the Financial Times.
Blackstone had previously said Anthropic would receive an investment-grade rating before 2027. A junk rating would make it harder and more expensive for Anthropic to raise money for its compute spending. Anthropic and Blackstone declined to comment.
Written by AI from the articles below · updated Oct 30, 7:12 PM ET
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- TechCrunch · AINewsPickAnthropic expected to get junk credit rating after IPO, FT reports
AIThe Financial Times reports that Blackstone, anchor investor in a $63 billion chip financing deal with Anthropic, expects the AI lab to receive a high junk rating after its IPO. Blackstone had previously expected an investment-grade rating before 2027. A junk rating would make it harder and more expensive for Anthropic to raise money for its compute spending. Anthropic and Blackstone declined to comment.
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