Fitch gives A to Kimberly-Clark notes

Fitch Ratings said it assigned an A rating to Kimberly-Clark Corp.’s newly issued $350 million 30-year senior unsecured notes due May 2047.

Proceeds will be used to partially refinance Kimberly-Clark's $950 million notes due August 2017 and repay a portion of commercial paper outstanding.

Fitch said Kimberly-Clark's scale, with about $18 billion in revenues, leading market shares in tissue-based personal care products and strong liquidity, are key underpinnings to the rating. The firm is a global hygiene company with approximately 52% of net sales and 65% of operating profit (before Corporate & Other expenses) generated in North America in 2016. Its principal products such as Huggies diapers, Depends for adult incontinence and Andrex toilet paper occupy leading positions in most markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.