# Anthropic’s $700 Billion in Obligations Put IPO Credit Rating in Focus By John Kim Canonical URL: https://www.tokenpost.com/news/business/45009 Published: 2026-10-30T18:37:30.000Z Updated: 2026-10-30T18:37:30.000Z Section: Business > KBRA assigned Anthropic a BB+ issuer rating tied to a $35 billion chip-financing package in June. Anthropic’s $700 billion in obligations may complicate its path to an investment-grade rating after an IPO, separate from the BB+ grade tied to its chip financing. In June, Kroll Bond Rating Agency (KBRA) gave Anthropic a BB+ issuer rating, one notch below investment grade. The [June BB+ issuer rating]() was tied to a $35 billion chip-financing package that included about $4.4 billion in subordinated debt. That subordinated borrowing carried a yield of about 8.5%; the package’s senior debt had a 5.75% rate. Anthropic’s IPO papers list ANT as its proposed ticker. Seaport deferred assigning Anthropic a rating pending the IPO, as discussed in [its initial coverage of the company](). ## Links in this article - [June BB+ issuer rating](https://www.tokenpost.com/news/business/34097) - [its initial coverage of the company](https://www.tokenpost.com/news/investing/43615)