NEW YORK (Standard&Poor's) April 1, 2013--Standard&Poor's Ratings Services said today it assigned its preliminary 'BBB' senior unsecured debt rating to New York City-based International Flavors&Fragrances Inc.'s (IFF's) Rule 415 shelf registration. At the same time, we assigned our 'BBB' rating to IFF's proposed $300 million senior unsecured notes due 2023. The new debt will be drawn off of the company's new shelf registration program. We expect net proceeds will be used to repay existing revolver borrowings, and for general corporate purposes. As of Dec. 31, 2012, IFF had approximately $1.03 billion of total reported debt outstanding. The 'BBB/A-2' corporate credit ratings on IFF remain unchanged, as does the positive outlook. (For the complete corporate
