
Anthropic's expected 'junk' rating shows the AI race is now about the cost of capital as much as model quality
🕒 Published on Zendoric: October 31, 2026 · 09:09
Blackstone now tells investors that Anthropic will probably get a high 'junk' credit rating after its IPO, not the investment grade it once predicted. The forecast doesn't judge Claude. It judges a business that has to borrow heavily to pay for compute.






































