Anthropic IPO Could Receive Junk Credit Rating Despite $800 Billion AI Spending Plan
Photo: Coinpedia
Anthropic is expected to receive a high-yield, or “junk,” credit rating from major agencies following its IPO, which could take place as soon as November, according to the Financial Times. Blackstone has reportedly told investors that Anthropic is unlikely to secure an investment-grade rating immediately after listing. The firm is also working with banks that provided financing to sell the debt to other investors. An investment-grade rating is considered central to Anthropic’s ability to fund its AI expansion.
Source: Coinpedia
