New York, June 17, 2016 -- Moody's Investors Service today placed Flavors Holdings Inc.'s ratings including its B2 Corporate Family Rating on review for downgrade. The review for downgrade reflects Moody's concerns about ongoing declines in the company's revenue, earnings and free cash flow, and its weakening liquidity profile due in part to its intention to materially increase brand support in 2016. The ratings review will focus on Flavors Holdings' business prospects and strategies, as well as its liquidity profile. The review will also consider the possibility for strategic or other support, if needed, from its sponsor, MacAndrews & Forbes.

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