NY -- Standard&Poor's CreditWire 11/26/97 -- Standard&Poor's today affirmed its double-'A' corporate credit and senior unsecured ratings and 'A-1'-plus commercial paper rating of Kimberly-Clark Corp. The affirmation follows the company's announcement that it will record an after-tax charge of $590 million to cover the costs of restructuring its manufacturing operations. The affirmation is based on the relatively low after-tax cash cost of the charge, which is expected to be less than $100 million, and opportunities to realize substantial savings within two years, providing a rapid pay-back. Kimberly-Clark Corp.'s ratings reflect its above-average business risk profile and expectations that a conservative financial profile will be maintained. The company enjoys commanding domestic market positions in a number of
