BREAKING: Anthropic is now expected to receive a "high junk" rating from major credit rating agencies after its IPO, which could come as soon as November, per FT. Details include: 1. Blackstone has told investors that Anthropic likely will not receive an investment-grade rating immediately after its IPO 2. Blackstone is working with banks that stumped up financing on selling the debt on to other investors 3. An investment-grade rating is "central" to Anthropic's ability to continue its AI buildout 4. The company says it expects to spend over $800 billion on computing infrastructure between now and 2045 Debt markets are increasingly in the spotlight as AI funding becomes less abundant.