DoubleLine CEO: If Anthropic gets investment grade, investigate the agency

Summary
DoubleLine chief executive and chief investment officer Jeffrey Gundlach tells Brian Sozzi he would not touch Anthropic's debt, and that if Anthropic is granted an investment grade rating, the agency that granted it should be investigated. He argues ratings are being manufactured so that insurance companies owned by private credit firms can buy debt they should not hold, points at Oracle's triple B minus rating trading like a single B credit, and says the whole arrangement is reminiscent of 2006. He was in structured finance in 2006. Ratings characterisations, market views and figures here…
Description from Yahoo News.




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