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so Antropic hid all the bad info, went to more loyal agency...

...and score still showed "high probability of being junk"?

No, the title is poorly phrased, I think you misunderstood.

All ratings agencies have their own scales, but broadly all ratings fall into one of two overarching categories, investment grade vs. junk.

The article explains that the rating ANT received was the highest within the junk range. So “highest junk rating” means within the junk category, it’s in the best sub-area. In other words, it’s just scratching below the investment grade rating.

This is important for institutional investors who can only buy investment grade, meaning if they can improve even one single grade up, they get access to a lot more debt.

ie: it's almost not rated as "junk" and for that, we should be scared.

> This is important for institutional investors who can only buy investment grade, meaning if they can improve even one single grade up, they get access to a lot more debt.

I believe some institutional investors have policies allowing some purchasing of 'highest junk' as well. Depends on the fund, etc.

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