CHICAGO (S&P Global Ratings) July 26, 2016--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed senior unsecured note issuance due 2046. The offering will be drawn off Kimberly-Clark's Rule 415 shelf registration statement filed June 14, 2016. We expect the company to use the net proceeds from the issuance for general corporate purposes, including providing funds to retire debt. Debt outstanding as of June 30, 2016, was about $7.7 billion. All of our existing ratings on the company, including the 'A' long-term and 'A-1' short-term corporate credit ratings, are unchanged. The outlook is negative. Our ratings on Kimberly-Clark incorporate the company's solid market shares in North American tissue and global diapers, incontinence care, and feminine
