Icahn Enterprises May Be Cut to Junk by S&P on Portfolio Drop

  • Company is Carl Icahn’s publicly traded holding company
  • S&P placed its BBB- issuer credit rating CreditWatch Negative

Icahn Enterprises LP, billionaire investor Carl Icahn’s publicly traded holding company, may be cut to junk after losing “a significant amount of value in the last several months,” Standard & Poor’s Ratings Services said Friday.

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