S&P cuts Icahn Enterprises rating to junk, outlook stable

NEW YORK (Reuters) – U.S. ratings agency Standard & Poor’s on Tuesday cut the credit rating of billionaire investor Carl Icahn’s Icahn Enterprises to junk status after the portfolio absorbed declining investment values and higher leverage in the last few months.


Source: ReutersBusinessNews

S&P cuts Icahn Enterprises rating to junk, outlook stable