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

CHICAGO (S&P Global Ratings) Oct. 24, 2018--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed senior unsecured note issuance due in 2028. 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 leverage-neutral issuance for general corporate purposes, including debt repayment. Debt outstanding as of Sept. 30, 2018, was about $7.5 billion. All of our existing ratings on the company, including the 'A' long-term and 'A-1' short-term issuer credit ratings, are unchanged. The outlook is stable. Our ratings on Kimberly-Clark incorporate the following factors: its solid market shares in North American tissue, global diapers, incontinence care, and feminine

...CHICAGO (S&P Global Ratings) Oct. 24, 2018--S&P Global Ratings today assigned its 'A' issue-level rating to Dallas-based Kimberly-Clark Corp.'s proposed senior unsecured note issuance due in 2028. 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 leverage-neutral issuance for general corporate purposes, including debt repayment. Debt outstanding as of Sept. 30, 2018, was about $7.5 billion. All of our existing ratings on the company, including the 'A' long-term and 'A-1' short-term issuer credit ratings, are unchanged. The outlook is stable. Our ratings on Kimberly-Clark incorporate the following factors: 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 competes;...

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