CHICAGO (Standard&Poor's) May 19, 2014--Standard&Poor's Ratings Services said today that it assigned its 'A' senior unsecured debt rating to Dallas-based Kimberly-Clark Corp.'s (KCC) proposed $600 million debt issuance, which we expect to consist of a mix of two-year floating rate and five-year fixed rate notes. The offering will be drawn off Kimberly-Clark's Rule 415 shelf registration statement filed June 27, 2013. We expect the company to use the net proceeds for general corporate purposes, including debt repayment. We forecast modest credit measure deterioration, including leverage increasing to the high 1x area, as a result of KCC's planned spin-off of its healthcare unit later this year. Our ratings on KCC reflect our view that the company has
