NEW YORK (Standard&Poor's) July 26, 2010--Standard&Poor's Ratings Services said today that it assigned its 'A' senior unsecured debt rating to Dallas-based Kimberly-Clark Corp.'s (A/Stable/A-1) $250 million 3.625% note offering due in August 2020. The offering will be drawn off Kimberly-Clark's existing Rule 415 shelf registration, and the company plans to use net proceeds (in addition to commercial paper borrowings) to refinance $450 million of existing notes maturing on July 30, 2010. We expect credit protection measures to remain stable through the remainder of the year, including leverage at, or just below, the 2x area. The ratings on Kimberly-Clark Corp., a global manufacturer and marketer of household and personal care products, reflects its strong business profile, solid
