Wall Street Just Cast a Big Doubt on Anthropic’s $800 Billion AI Bet

The lender with $9 billion riding on Anthropic just changed its story. Blackstone now expects the company behind Claude to get a junk credit rating after its record IPO, the Financial Times reported Thursday. Earlier, Blackstone told investors the opposite. It expected an investment-grade rating by year-end. That rating decides how cheaply Anthropic can borrow for a spending plan worth more than $800 billion. Why One Letter Grade Moves Billions A credit rating is a report card for borrowers. BBB- is the pass mark. Anything below it is called junk. Many pension funds and insurers face caps on holding junk debt. Fewer lenders means higher interest. Kroll Bond Rating Agency (KBRA) gave Anthropic a BB+ in June, one notch below the line, as BeInCrypto covered in Anthropic’s junk rating .

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