S&P assigns Kimberly-Clark securities A

Standard & Poor's said it assigned its A senior unsecured debt rating to Kimberly-Clark Corp.'s planned $200 million dealer remarketable securities offering due Dec. 19, 2016.

The agency said it expects net proceeds will be used for general corporate purposes, including the repayment of short-term commercial paper borrowings. The next remarketing date is Dec. 19, 2011.

For the 12 months ended Sept. 30, lease and pension adjusted total debt to EBITDA was about 2x, and S&P added that it expects the company to maintain leverage in the 2x area over the near term.

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