Blackstone doubts Anthropic investment-grade rating
The gist
Blackstone told investors in Anthropic's $63 billion chip financing deal the AI firm likely gets a junk rating post-IPO.
A double-B grade could shut many insurers and pension funds out of the debt.
How it unfolded
- Jun 2026An agency gave Anthropic a BB+ rating, one notch below investment grade.
- Sep 2026Agencies still saw Anthropic as speculative-grade, even as Goldman Sachs and Morgan Stanley pushed for investment grade.
- Oct 26, 2026Anthropic filed to go public, potentially setting up one of the largest stock market listings next month.