Givaudan receives strong investment grade credit ratings
Givaudan announces that it has received an A- credit rating, with a stable outlook, from S&P Global Ratings (“S&P”) and a Baa1 rating, with stable outlook, from Moody’s Investors Service (“Moody’s”).
Tom Hallam, Givaudan’s Chief Financial Officer commented:
“We are very pleased with the strong investment grade ratings we have received, which confirm our market leadership position and strong financial profile. These public ratings allow us enhanced access to a broad range of financing and capital markets, as we continue to develop the Group’s activities both organically and through acquisitions.”
Givaudan is the global leader in the creation of flavours and fragrances. In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over. With a passion to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating flavours and fragrances that ‘engage your senses’. The Company achieved sales of CHF 5.1 billion in 2017. Headquartered in Switzerland with local presence in over 100 locations, the Company has more than 11,100 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
For further information please contact
Peter Wullschleger, Givaudan Media and Investor Relations
T +41 22 780 9093