Blackstone now expects Anthropic to get high 'junk' credit rating post-IPO
Blackstone, anchor investor in a $63 billion deal financing Anthropic's chip purchases, has told investors it now expects the AI company to receive a high speculative-grade ('junk') credit rating in the double-B range after its IPO, according to the Financial Times. This reverses Blackstone's earlier prediction that Anthropic would achieve investment-grade status before 2027. Both Anthropic and Blackstone declined to comment when contacted by TechCrunch.
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A junk rating, even a relatively high one, typically signals greater perceived risk to lenders and could make future borrowing more expensive for Anthropic as it continues heavy spending on compute infrastructure. The revised forecast may reflect growing investor unease about the sustainability of AI companies' massive capital expenditures, though it remains Blackstone's prediction rather than a confirmed rating. The timing is notable given Anthropic just filed to go public, a move already drawing scrutiny over its potential ripple effects across the AI sector.
- Blackstone now predicts Anthropic will get a double-B 'junk' credit rating after its IPO, reversing an earlier investment-grade forecast.
- Blackstone is the anchor investor in a $63 billion deal financing Anthropic's chip purchases.
- Anthropic filed to go public this week, and both companies declined to comment on the credit rating report.
Source: techcrunch.com — Lucas Ropek, 2026-10-30
Published there as: “Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, report says”
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