FT: Blackstone Expects Junk Rating for Anthropic After IPO
Blackstone, anchor investor in a $63 billion chip financing deal for Anthropic, now forecasts a double-B rating, the top tier of speculative junk grade.
Blackstone has told investors it expects Anthropic to receive a “high” junk credit rating after its initial public offering, according to a Financial Times report published on October 30, 2026. The investment firm, which is the anchor investor in a $63 billion deal to finance Anthropic’s chips, now anticipates a double-B range rating, the top tier of speculative junk grade.
The forecast marks a reversal of Blackstone’s earlier position. The firm had previously said the maker of Claude would receive an investment-grade rating before 2027.
Anthropic officially filed to go public earlier this week. Blackstone’s revised expectation emerged days later, as reported by the Financial Times.
Over the past 12 months, Anthropic has signed large compute power deals, which has worried investors. The company’s credit profile now sits at the center of a deal that involves one of the largest private investment firms.
Both Anthropic and Blackstone declined to comment to TechCrunch.
Quick answers
What credit rating does Blackstone expect for Anthropic?
Blackstone told investors it expects a double-B range rating, the top tier of speculative junk grade, according to a Financial Times report.
What did Blackstone previously forecast for Anthropic’s rating?
Blackstone had earlier said Anthropic would receive an investment-grade rating before 2027.
What is Blackstone’s role in Anthropic’s chip financing?
Blackstone is the anchor investor in a $63 billion deal to finance Anthropic’s chips.