Anthropic Expected to Land High-Yield Junk Rating After US IPO

A junk rating at IPO would put a leading AI developer in the same credit tier as speculative-grade issuers, a notable signal that rating agencies are weighing the sector's heavy spending and uncertain cash generation rather than its profile as a public-market debutant. It matters for Anthropic's future borrowing costs and for how other AI firms approaching public markets are assessed. Whether the speculative-grade tag proves a starting point or a lasting constraint is the open question.