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Anthropic IPO May Get Junk Rating
Per FT, Anthropic's IPO as soon as November may get a high junk credit rating, affecting its AI funding ability.
Key points
- Blackstone has told investors that Anthropic likely will not receive an investment-grade rating immediately after its IPO.
- Anthropic says it expects to spend over $800 billion on computing infrastructure between now and 2045.
- Anthropic's IPO could come as soon as November, per FT.
- Blackstone is working with banks that stumped up financing on selling the debt on to other investors.
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Original post
BREAKING: Anthropic is now expected to receive a "high junk" rating from major credit rating agencies after its IPO, which could come as soon as November, per FT.
Details include:
1. Blackstone has told investors that Anthropic likely will not receive an investment-grade rating immediately after its IPO
2. Blackstone is working with banks that stumped up financing on selling the debt on to other investors
3. An investment-grade rating is "central" to Anthropic's ability to continue its AI buildout
4. The company says it expects to spend over $800 billion on computing infrastructure between now and 2045
Debt markets are increasingly in the spotlight as AI funding becomes less abundant.
What others are saying
1 more-
Walter Bloomberg cites the FT reporting Anthropic is expected to receive a 'high' junk rating.
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From @aRobotNamedSnax, @BondVillainHQ, @schizohustler and others. Spam removed, with English and Chinese translations.
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