Anthropic Anticipates Low ‘Junk’ Rating from Credit Agencies Post-IPO, FT Reports

Anthropic is poised to receive a notably high “junk” rating from credit rating agencies following its forthcoming initial public offering (IPO), as indicated by a recent report from the Financial Times.

The investment firm Blackstone, which played a pivotal role as the anchor investor in a significant $63 billion deal to support the funding of Anthropic’s chip technology, has informed its investors that it anticipates the AI research lab will receive a “high” junk rating post-IPO. This is a significant shift from previous statements where Blackstone suggested that Anthropic might secure an investment-grade rating, implying lower risk for lenders, before 2027.

According to the report, Blackstone has now adjusted its expectations, forecasting a double B range rating for the company, which is the highest category within speculative “junk” grades.

Contacted for comments, both Anthropic and Blackstone declined to provide any statements.

While Blackstone’s prediction remains speculative, a high junk rating could complicate and increase the costs for Anthropic in raising necessary capital. The lab has engaged in substantial expenditures over the past year, particularly in securing large compute power deals, which has raised concerns among investors.

Recently, Anthropic officially filed for its IPO, sparking considerable speculation about the potential impact this massive undertaking could have on the broader AI industry.