Rating agency KBRA awards Anthropic BB+issuer rating with stable outlook

Rating agency KBRA has awarded Anthropic BB+issuer a speculative rating with a stable outlook. This rating is for approximately $4.4 billion of subordinated bonds in a $35 billion chip financing package, with a subordinated bond issuance yield of approximately 8.5% and a senior bond interest rate of 5.75%. Due to limited disclosure of Anthropic information, KBRA uses risk scoring instead of financial models for evaluation. As of the end of June, Anthropic's balance sheet had zero debt. (Source: Financial Times)