Blackstone forecasts below-investment-grade rating for Anthropic after IPO

According to the Financial Times, Blackstone expects Anthropic to receive a rating near the top of speculative-grade territory after the AI company’s planned IPO. A credit rating is an assessment of a company’s ability to repay debt; this one would put Anthropic below investment grade, meaning lenders would see it as a riskier borrower, even though it would be near the stronger end of the so-called junk range. Such ratings generally mean higher interest costs, which matters for an AI company likely to spend heavily on chips and data centers. This is Blackstone’s forecast, not a formal agency decision.