Research Update: Kimberly-Clark Corp. Outlook Revised To Stable From Negative On Continued Improvement; Ratings Affirmed

S&P Global Ratings expects Kimberly-Clark Corp.'s profit recovery and credit ratio improvement to continue primarily due to the favorable impact of previous price increases, better volume performance, and anticipated input cost deflation, notwithstanding recent mixed market share trends. We estimate S&P Global Ratings-adjusted leverage will improve to slightly below 2x by Dec. 31, 2023. We affirmed our 'A' long-term issuer credit rating, 'A-1' short-term issuer credit rating, and 'A' senior unsecured debt ratings on the household and personal care company. We also revised our outlook to stable from negative, reflecting our expectation that Kimberly-Clark will modestly improve profitability and sustain adjusted leverage below the low-2x area, in part due to prudent financial policy decisions. The stable outlook reflects our expectation

...- S&P Global Ratings expects Kimberly-Clark Corp.'s profit recovery and credit ratio improvement to continue primarily due to the favorable impact of previous price increases, better volume performance, and anticipated input cost deflation, notwithstanding recent mixed market share trends. We estimate S&P Global Ratings-adjusted leverage will improve to slightly below 2x by Dec. 31, 2023. - We affirmed our 'A' long-term issuer credit rating, 'A-1' short-term issuer credit rating, and 'A' senior unsecured debt ratings on the household and personal care company. - We also revised our outlook to stable from negative, reflecting our expectation that Kimberly-Clark will modestly improve profitability and sustain adjusted leverage below the low-2x area, in part due to prudent financial policy decisions....

Research Update