BB Rating?

Anthropic is expected to receive junk bond status following its IPO.

I believe that the term here is, "Dead Man Walking," not $2,000,000,000.00 initial public offering.

Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, FT report says

Anthropic is expected to receive a high “junk” rating from credit rating agencies following its initial public offering, according to a report from the Financial Times.

The FT says the investment giant Blackstone, the anchor investor in a recent $63 billion deal to finance Anthropic’s chips, told investors in the deal that it expects the AI lab to receive a “high” junk rating after its IPO. Previously, the FT notes, Blackstone had said the opposite: that the Claude maker would receive an investment-grade rating (indicating low risk for lenders) before 2027 rolls around.

Now Blackstone expects double B range rating, the top tier of speculative “junk” grade, according to the reporting.

Is it too early to call a Lehman moment?