Anthropic Could Face a High ‘Junk’ Credit Rating After IPO, FT Report Says

Anthropic is expected to receive a high “junk” rating from credit rating agencies after its initial public offering, according to a Financial Times report cited by TechCrunch. The report says Blackstone, the anchor investor in a recent $63 billion deal to finance Anthropic’s chips, told investors it now expects the AI lab to land in the double-B range. That range is described in the report as the top tier of speculative “junk” grade.

A high junk rating would not be an official outcome yet; TechCrunch notes Blackstone’s forecast is still a prediction. But if it happens, it could make it harder and more expensive for Anthropic to raise money. That matters because the company has been relying on major spending, including compute power deals, to support its business.

Anthropic filed to go public earlier in the week, triggering speculation about how a major AI IPO could affect the broader industry. The reported credit-rating outlook adds a financing lens to that debate: investors will be watching not just growth, but how much it costs to fund infrastructure and expansion. TechCrunch reported that both Anthropic and Blackstone declined to comment.