Anthropic Gets BB+ Credit Rating Ahead of November IPO: What Investors Are Watching

TLDR Kroll Bond Rating Agency gave Anthropic a BB+ credit rating with a positive outlook, one notch below investment grade. Wall Street banks are preparing $60 billion in financing for custom AI chips, including $18 billion in subordinated debt. Anthropic reported third-quarter revenue of $16.8 billion, up about 45% from the prior quarter, and a second straight quarter of adjusted profit. Some investors have discussed a $1.5 trillion IPO valuation, down from earlier hopes of about $2 trillion. Anthropic has committed at least $518 billion over roughly a decade for cloud services and computing power. Kroll Bond Rating Agency has given Anthropic a BB+ credit rating. Reports on October 16 said the rating was assigned in June and carries a positive outlook.

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