NEW YORK (Standard&Poor's) Dec. 15, 2011--Standard&Poor's Ratings Services said today its 'A' senior unsecured debt rating on Dallas-based Kimberly-Clark Corp.'s $200 million dealer remarketable securities offering due Dec. 19, 2016 remains unchanged. The remarketable securities were originally issued in December 2006 pursuant to Rule 144A, and Kimberly-Clark will not receive proceeds from the remarketing. The next remarketing date is Dec. 19, 2012. The company had approximately $5.8 billion of reported debt outstanding as of Sept. 30, 2011. For the 12 months ended Sept. 30, 2011, the ratio of lease- and pension-adjusted total debt to EBITDA was about 2.1x, and we expect the company to maintain leverage in the 2x area through the end of fiscal 2012.
