Kimberly-Clark Corp.'s Proposed Senior Unsecured Notes Due 2031 Rated 'A'

CHICAGO (S&P Global Ratings) Oct. 28, 2021--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed senior unsecured notes due 2031. The company will draw the offering from its Rule 415 shelf registration statement filed Feb. 7, 2019. We expect Kimberly-Clark to use the net proceeds from this offering for general corporate purposes, including to repay commercial paper borrowings. The company had total debt outstanding of about $8.9 billion as of Sept. 30, 2021. All our other ratings on Kimberly-Clark, including our 'A/A-1' issuer credit rating, are unchanged. The outlook is negative. Our rating on Kimberly-Clark incorporates its solid market shares in North American tissue and global diapers, incontinence care, and feminine care; its portfolio of

...October 28, 2021 CHICAGO (S&P Global Ratings) Oct. 28, 2021--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed senior unsecured notes due 2031. The company will draw the offering from its Rule 415 shelf registration statement filed Feb. 7, 2019. We expect Kimberly-Clark to use the net proceeds from this offering for general corporate purposes, including to repay commercial paper borrowings. The company had total debt outstanding of about $8.9 billion as of Sept. 30, 2021. All our other ratings on Kimberly-Clark, including our 'A/A-1' issuer credit rating, are unchanged. The outlook is negative. Our rating on Kimberly-Clark incorporates its solid market shares in North American tissue and global diapers, incontinence care, and feminine care; its portfolio of well-known brands (most of which have high consumer awareness); the nondiscretionary demand for most of the product segments in which it competes; and its good geographic diversity,...

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