IPOs: Anthropic and OpenAI bankers push for top-tier credit ratings post-IPO
Investment-grade designation would unlock cheaper financing for AI labs and their infrastructure partners
Anthropic and OpenAI's bankers are lobbying for an investment-grade credit rating after their upcoming initial public offerings, a designation that would lower the borrowing costs for their ambitious AI infrastructure plans.
Morgan Stanley and Goldman Sachs have held talks with credit rating agencies in recent weeks on behalf of the two leading AI labs, as they look to gain access to the $11.7tn corporate bond market post-IPO, said people familiar with the matter.