Symrise AG, a leading global supplier of fragrances and flavors, cosmetic ingredients as well as functional ingredients, today announced that it has received inaugural investment grade credit ratings from S&P Global Ratings (“S&P Global”) and Moody’s Ratings (“Moody’s”). The agencies have assigned long-term issuer ratings of BBB+ (S&P Global) and Baa1 (Moody’s), both with stable outlooks.

According to S&P Global and Moody’s, the ratings reflect Symrise’s ability to create value through key strengths, such as an excellent market position, solid financial performance, prudent risk management, and a unique, diversified portfolio. The outlook was assessed as ‘stable’, indicating confidence and expectations for continued stability in financial metrics over the medium term.

Olaf Klinger, CFO of Symrise AG: “We are pleased to receive our inaugural investment grade rating from both S&P Global and Moody’s. The ratings represent an important milestone for our company as we expand our access to capital markets and diversify our funding sources. They also reflect the strength of our business fundamentals and commitment to maintaining financial discipline.”

The inaugural ratings provide enhanced access to global capital markets and investors support Symrise in financial terms. BBB+ and Baa1 are the best ratings positions among flavor and fragrances companies.

The comprehensive process of obtaining the inaugural ratings was accompanied by Deutsche Bank, who acted as the sole ratings advisor to Symrise.