Morgan Stanley and Goldman Sachs assist OpenAI and Anthropic in securing investment grade ratings

Morgan Stanley and Goldman Sachs are assisting OpenAI and Anthropic in communicating with credit rating agencies to obtain investment grade ratings after their IPO. Nvidia has provided up to $105 billion in credit support for OpenAI's Ohio data center, which can be terminated once OpenAI receives a satisfactory credit rating. At present, rating agencies still consider OpenAI and Anthropic as speculative grade, and the two companies have not yet demonstrated the ability to generate stable positive free cash flow. (Source: Financial Times)