Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, FT report says

TechCrunch · Lucas Ropek · 2026-10-30 21:52 UTC

Blackstone's forecast is just a prediction, but naturally, a high junk rating would make it more difficult and costlier for Anthropic to raise the money to keep funding its massive spending that has undergirded its business.

Anthropic is expected to receive a high “junk” rating from credit rating agencies following its initial public offering, according to a report from the Financial Times.

The FT says the investment giant Blackstone, the anchor investor in a recent $63 billion deal to finance Anthropic’s chips, told investors in the deal that it expects the AI lab to receive a “high” junk rating after its IPO. Previously, the FT notes, Blackstone had said the opposite: that the Claude maker would receive an investment-grade rating (indicating low risk for lenders) before 2027 rolls around.

Now Blackstone expects double B range rating, the top tier of speculative “junk” grade, according to the reporting.

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