Anthropic Expected to Receive High Junk Rating Following IPO

Anthropic is anticipated to receive a high 'junk' rating from credit rating agencies after its IPO, as reported by the Financial Times. Blackstone, the anchor investor in a recent $63 billion deal for Anthropic's chips, has revised its earlier prediction of an investment-grade rating to a double B range rating, indicating higher risk for lenders. This change raises concerns about Anthropic's ability to secure funding amidst its significant spending on compute power.