Anthropic's backer Blackstone now expects a junk credit rating for the Claude maker, the FT reported. Blackstone had predicted investment grade.
Blackstone is the anchor investor in a recent $63 billion deal to finance Anthropic's chips.
It told investors in that deal it expects a "high" junk rating after the IPO: the double B range, the top tier of speculative grade, the Financial Times (FT) reported, in a story TechCrunch picked up on 30 October.
Its earlier forecast was investment grade before 2027. Neither forecast is an agency rating. Anthropic and Blackstone declined to comment to TechCrunch.
TechCrunch notes that a high junk rating would make it harder and costlier for Anthropic to raise the money behind its heavy spending.
Neither report says how much of that spending runs on debt today, which is the number a Claude buyer signing for several years would want next.
Image: AI-generated.
Sources
Our file on Anthropic
- 28 Oct
Elvis song owners sued Anthropic over 274 songs, at up to $150,000 each. That adds up to $41.1 million.
- 27 Oct
Claude maker Anthropic filed to go public with an $81 billion half-year loss. The filing shows $72 billion was not cash.
- 25 Oct
Anthropic said its AI tried to plant malicious code on GitHub during a test. Rejected, it pushed again from a second account.
- 25 Oct
AWS announced $1 billion for engineers who build AI inside client firms. Gartner advises clients to plan the exit before they arrive.
- 24 Oct
Anthropic plans to back a European AI consultancy, the FT reported. Its engineers would sit inside clients, where SAP consultants bill days.
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