Moody's assigns Baa1 rating to IFF's new notes
Rating Action: Moody's assigns Baa1 rating to IFF's new notes. Global Credit Research- 16 May 2017. New York, May 16, 2017-- Moody's Investors Service assigned a Baa1 rating to International Flavors& Fragrances, Inc.' s new $500 million Senior Notes due 2047. IFF intends to use the net proceeds from the offering to fund upcoming debt maturities, fund upcoming commercial paper maturities, repay borrowings under the company's revolving credit facility, and for general corporate...
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