Summary: International Flavors&Fragrances Inc. - S&P Global Ratings’ Credit Research

Summary: International Flavors&Fragrances Inc.

Summary: International Flavors&Fragrances Inc. - S&P Global Ratings’ Credit Research
Summary: International Flavors&Fragrances Inc.
Published Jan 23, 2014
Published Jan 23, 2014
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Our 'BBB+' rating on International Flavors&Fragrances Inc. (IFF) is derived from: Our anchor of bbb+, based on our "strong" business risk and "intermediate" financial risk profile assessments for the company. The modifiers had no impact. IFF maintains its good market position within the competitive global flavors and fragrances industry. The company benefits from its good geographic diversification and emerging market growth. Solid EBITDA margins in the low-20% area. Prudent financial policy. Steady credit metrics, including leverage under 2x. Good cash flow generation and strong liquidity. The stable outlook reflects our view that the company will maintain its credit measures over the next two years (including leverage at or below 2x and funds from operations (FFO) to total debt

  
Report Type:

Summary

Ticker
Issuer
GICS
Specialty Chemicals (15101050)
Sector
Global Issuers
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: International Flavors&Fragrances Inc." Jan 23, 2014. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-International-Flavors-Fragrances-Inc-1247746>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: International Flavors&Fragrances Inc. Jan 23, 2014. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-International-Flavors-Fragrances-Inc-1247746>
  
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