Blackstone reportedly told investors that Anthropic may not immediately receive an investment-grade debt rating after a potential IPO. BlockBeats, citing the Financial Times and informed sources, said agencies could instead place the company in the BB range.
Reported rating risk
The report concerns a $63 billion chip-financing deal for Anthropic. A BB-range assessment would be speculative grade under the S&P and Fitch scales, where BBB- and above is investment grade and BB+ and below is speculative grade. The reported expectation is not a formal rating decision.
Long-term funding commitments
BlockBeats said Anthropic plans to invest more than $800 billion in computing infrastructure through 2045 and currently holds more than $112 billion in cash and equivalents. Those figures are reported company disclosures; the article says the scale of the commitments has raised questions about future funding needs and debt capacity.
The Nasdaq-100 closed down 3.5% after the report was published, according to BlockBeats. That market move is included as context and does not establish that the Anthropic report caused the decline.
Anthropic has not received a formal credit rating from S&P, Moody’s or Fitch, and Blackstone’s view is not a formal rating result. Source: BlockBeats flash, published October 31, 2026.