NEW YORK (Standard&Poor's) May 20, 2013--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) $850 million debt issuance, consisting of $250 million floating rate notes due May 2016, $350 million of 2.4% senior unsecured notes due June 2023, and $250 million of 3.7% senior unsecured notes due June 2043. The offering will be drawn off Kimberly-Clark's existing Rule 415 shelf registration. We expect the company to use net proceeds for general corporate purposes, including the repayment of short term borrowings and $500 million of existing notes maturing in August 2013. We believe credit protection measures will remain stable in 2013, including leverage in the 2x area,
