Moody's Ratings affirms Icahn Enterprises ratings (Ba3 CFR); changes outlook to negative from stable
Moody's Ratings (Moody's) has affirmed Icahn Enterprises L.P.'s (IEP) Ba3 corporate family rating (CFR), Ba3 backed senior unsecured debt ratings, and Ba3-PD probability of default rating. The firm's rating outlook was changed to negative from stable. RATINGS RATIONALE The ratings affirmation re...Icahn Enterprises is a holding company. Through its subsidiaries, the company is engaged in the following operating businesses: Investment, which is comprised of various private investment funds in which the company has general partner interests and through which the company invests its proprietary capital; Energy, which engages in the petroleum refining and nitrogen fertilizer manufacturing industries through its interests in CVR Refining, LP and CVR Partners, LP; Automotive, which invests in and operates businesses involved in automotive repair and maintenance services; and Food Packaging, which produces cellulosic, fibrous and plastic casings used to prepare and package processed meat products.
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