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Blackstone expects Anthropic to get 'high junk' credit rating after IPO

Blackstone, anchor investor in a $63 billion deal financing Anthropic's chips, has told investors it expects the Claude maker to receive a 'high' junk credit rating after its IPO, the Financial Times reported. Blackstone earlier predicted an investment-grade rating before 2027. A junk rating could make raising money costlier for Anthropic, which filed to go public this week.

Blackstone expects Anthropic to get 'high junk' credit rating after IPO

This summary is based on reporting by TechCrunch.

Read the full story at TechCrunch