Kimberly-Clark Corp.'s Proposed Unsecured Notes Rated 'A'; Corporate Ratings Unchanged

CHICAGO (S&P Global Ratings) May 1, 2017--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 2047. 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 for general corporate purposes, including debt repayment. Debt outstanding as of March 31, 2017, was about $7.8 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 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

...CHICAGO (S&P Global Ratings) May 1, 2017--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 2047. 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 for general corporate purposes, including debt repayment. Debt outstanding as of March 31, 2017, was about $7.8 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 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; its good geographic diversification;...

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