Credit Agencies May Give Anthropic a High Junk Rating After IPO

Artificial intelligence lab Anthropic will likely get a high junk rating from credit rating agencies after it goes public. The investment firm Blackstone shared this expectation with investors in a recent $63 billion deal to pay for Anthropic chips.

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A junk rating means lenders see a higher risk when lending money, which can make it costlier for a company to borrow cash. Anthropic recently filed for its initial public offering after spending heavily on computing power deals over the past year.