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Saturday 31 October 2026

Markets · Brief

Blackstone now expects a high junk rating for Anthropic after its IPO

The outlook marks a change from Blackstone’s earlier guidance on investment-grade status as Anthropic prepares to list in November, alongside a $63 billion Broadcom compute financing arrangement.

Blackstone’s 345 Park Avenue headquarters, with its sign beside a stepped plaza.
Photo: ajay_suresh, CC BY 4.0, via Flickr (cropped)

Blackstone now expects Anthropic to receive a high junk rating after its IPO, a shift from its earlier guidance on investment-grade status, Reuters reported on 30 October. Blackstone told investors the company may not secure an investment-grade rating after listing, the Financial Times reported.

Anthropic is preparing for a November IPO. A draft prospectus reported an $80.7 billion loss, while the company held $131.7 billion ahead of the listing, AI Affairs reported.

Four financial partners also announced a $63 billion Broadcom compute financing arrangement, AI Affairs reported.

Sources

Topics: Foundation models, Funding, IPO