Blackstone downgrades Anthropic outlook to junk grade

Community Trust Score Verified 97 % Real Verified 35 votes Updated 55 seconds ago Blackstone now expects Anthropic to receive a below-investment-grade credit rating following its initial public offering, a significant reversal from the firm’s earlier guidance to investors. The change in outlook, reported by the Financial Times on Thursday, directly impacts the cost of capital for Anthropic’s spending plan, which exceeds $800 billion. Previously, Blackstone informed investors that it anticipated Anthropic would secure an investment-grade rating by the end of the year.

Source: The Currency Analytics