Moody's affirms IEP's Ba3 CFR following refinancing transaction; maintains stable outlook
Moody's Investors Service (Moody's) has affirmed the Ba3 corporate family rating (CFR), Ba3-PD probability of default rating and Ba3 guaranteed senior unsecured debt ratings of Icahn Enterprises L.P. (IEP).The rating agency also assigned a Ba3 rating to the new $500 million of backed senior unsecure...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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