Newsclip®: [Business] S&P cuts Icahn Enterprises rating to junk, outlook stable

"NEW YORK: US 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. S&P dropped the long-term issuer credit rating and senior unsecured debt rating of Icahn Enterprises to double-B-plus from triple-B-minus, the agency said in a statement. Additionally, S&P said it removed all of Icahn Enterprises&",

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