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Go back to Form 8-K INTERNATIONAL FLAVORS & For: Mar 21

IFF bonds get "outperform" rating at Gimme Credit on credit improvement prospects

March 22, 2024 1:57 PM EDT

On Friday, IFF (NYSE: IFF) received a favorable assessment from corporate bond research firm Gimme Credit, which initiated coverage with an "improving" credit score and an "outperform" rating on the company's 3.268% notes due in 2040 at a spread of +164 basis points.

The company, a global specialty chemical provider, recently announced an agreement to divest its Pharma Solutions business to Roquette, a company based in France, for a sum that could reach $2.85 billion. This transaction, which is anticipated to finalize in the first... More