Fitch rates Kimberly-Clark notes A

Fitch Ratings said it assigned an A rating to Kimberly-Clark Corp.'s $250 million 3.625% unsecured senior note issue due Aug. 1, 2020.

The company has a long-term issuer default rating of A.

The outlook is stable.

Proceeds will be used to partially refinance the $450 million unsecured floating-rate note due July 30, 2010 priced at Libor plus 10 basis points. The remaining $200 million will be refinanced with commercial paper.

The company's debt-to-EBITDA ratio for the 12 months ended June 30 was about 1.8 times.

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