Anthropic IPO: Blackstone warns AI firm may receive junk credit rating: report
A Financial Times report says Blackstone told investors in Anthropic’s $63 billion chip financing deal that the AI company may receive a high-yield, or junk, credit rating after its planned IPO. Such a rating could raise borrowing costs as Anthropic prepares for major infrastructure spending.
Why it matters — The report highlights Blackstone’s view of credit risk in a large financing deal involving Anthropic.