Loading ...Didn’t do so well on his FCX, Chesapeake and Cheniere bets, now he’s being downgraded. He was so good on NFLX, Apple. Damn even the pro’s….
Irony? “Credit Crash Warning” Icahn May Be Cut To Junk By S&P
Submitted by Tyler Durden on 02/19/2016 – 13:47 
Having warned – correctly – of the impending collapse of the US credit markets last year, it just seems ironic that Carl Icahn’s firm has been downgraded to “watch negative” from stable by S&P, implying a cut to junk may be imminent. Just as we detailed earlier, activist investors have suffered greatly in the oil rout, and S&P cites declining investment values in the firm’s portfolio, which have smashed the loan-to-value ratio up to 45% (a crucial threshold for the ratings agency).