Your code indeed contains a syntax error, which is unescaped quotes:
$creds="[footer_copyright] <?php echo get_bloginfo( "name' ); ?>'; // bad - ' not escaped
$creds="[footer_copyright] <?php echo get_bloginfo( \"name\' ); ?>'; // good - ' escaped
But even if you escape the quotes, the code will not work as expected.
So to make it work as expected, use concatenation like so:
$creds="[footer_copyright] " . get_bloginfo( 'name' );
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