Anthropic Seen Landing BB Junk Rating After $63 Billion Chip-Financing Deal
Updated
Updated · TechCrunch · Oct 30
Anthropic Seen Landing BB Junk Rating After $63 Billion Chip-Financing Deal
3 articles · Updated · TechCrunch · Oct 30
Summary
Blackstone told investors in Anthropic’s $63 billion chip-financing deal that the AI lab is expected to receive a double-B credit rating after its IPO — the top tier of junk debt.
That marks a reversal from Blackstone’s earlier view that Claude’s maker could reach investment-grade status before 2027, according to the Financial Times.
A high junk rating would likely raise Anthropic’s borrowing costs as it tries to fund heavy AI spending, after a year of large compute-power deals that have already unsettled investors.
Anthropic filed to go public earlier this week, and the expected rating is likely to shape how markets judge both its financing needs and the broader AI IPO wave.