Fitch affirms Kimberly-Clark

Fitch Ratings said it affirmed Kimberly-Clark Corp.'s ratings, including the long-term issuer default rating at A; short-term IDR at F1; commercial paper at F1; $200 million dealer remarketable securities at A and F1; $1.33 billion revolving credit facility at A; and senior unsecured notes and debentures at A.

Fitch also affirmed Kimberly-Clark Worldwide, Inc.'s, CP rating at F1. CP issued by Kimberly-Clark Worldwide is fully guaranteed by Kimberly-Clark Corp.

The outlook is stable.

Fitch said the ratings reflect the company's ability to consistently generate at least $2.3 billion in operating cash flow and more than $500 million of free cash flow in each of the past nine years. Additionally, the company has significant scale with more than $20 billion of revenues and leading market shares in a relatively non-cyclical personal products and household care products industry.

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