Kimberly-Clark Corp.'s Proposed Senior Unsecured Notes Due 2029 Rated 'A'

CHICAGO (S&P Global Ratings) April 23, 2019--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed senior unsecured notes due 2029. The company will draw the offering from its Rule 415 shelf registration statement filed on Feb. 7, 2019. We expect the company to use the net proceeds from the leverage-neutral issuance for general corporate purposes, including to repay its outstanding commercial paper. Kimberly-Clark had about $7.9 billion of debt outstanding as of March 31, 2019. All of our existing ratings on the company, including our 'A' long-term and 'A-1' short-term issuer credit ratings, remain unchanged. Our ratings on Kimberly-Clark incorporate its solid market shares in North American tissue, global diapers, incontinence care, and feminine care;

...April 23, 2019 CHICAGO (S&P Global Ratings) April 23, 2019--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed senior unsecured notes due 2029. The company will draw the offering from its Rule 415 shelf registration statement filed on Feb. 7, 2019. We expect the company to use the net proceeds from the leverage-neutral issuance for general corporate purposes, including to repay its outstanding commercial paper. Kimberly-Clark had about $7.9 billion of debt outstanding as of March 31, 2019. All of our existing ratings on the company, including our 'A' long-term and 'A-1' short-term issuer credit ratings, remain unchanged. Our ratings on Kimberly-Clark incorporate its solid market shares in North American tissue, 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...

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