ANTHROPIC SECURES BB+ CREDIT RATING AS WALL STREET PREPARES $60 BILLION AI FINANCING

Anthropic received a BB+ credit rating from KBRA, just one notch below investment grade, ahead of a $35 billion chip financing deal.

Now, Wall Street banks are reportedly assembling another $60 billion financing package for AI chips developed by Google ($GOOGL) and Broadcom ($AVGO).

The company could also issue up to $42 billion in convertible notes to finance chip leases.

The key concern: Anthropic's massive AI expansion increasingly depends on access to affordable debt financing.
(@WalterBloomberg)