Kimberly-Clark Corp.'s Proposed Euro Notes Rated 'A'

CHICAGO (S&P Global Ratings) Aug. 31, 2017--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed euro-denominated senior unsecured note issuance due in 2024. The offering will be drawn off Kimberly-Clark's Rule 415 shelf registration statement filed June 14, 2016. We expect the company to use net proceeds from the issuance to repay a portion of its outstanding commercial paper indebtedness. Debt outstanding as of June 30, 2017, was about $8.0 billion. All of our existing ratings on the company, including the 'A' long-term and 'A-1' short-term corporate credit rating, are unchanged. The outlook is stable. Our ratings on Kimberly-Clark incorporate the company's solid market shares in North American tissue and global diapers, incontinence care, and

...CHICAGO (S&P Global Ratings) Aug. 31, 2017--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed euro-denominated senior unsecured note issuance due in 2024. The offering will be drawn off Kimberly-Clark's Rule 415 shelf registration statement filed June 14, 2016. We expect the company to use net proceeds from the issuance to repay a portion of its outstanding commercial paper indebtedness. Debt outstanding as of June 30, 2017, was about $8.0 billion. All of our existing ratings on the company, including the 'A' long-term and 'A-1' short-term corporate credit rating, are unchanged. The outlook is stable. Our ratings on Kimberly-Clark incorporate the company's solid market shares in North American tissue and global diapers, incontinence care, and feminine care; its portfolio of well-known brand names (most of which have high consumer brand equity); the nondiscretionary demand for most of the product segments in which the company competes;...

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