S&P: Kimberly-Clark notes A

Standard & Poor's said the A senior unsecured debt rating on Kimberly-Clark Corp.'s $200 million dealer re-marketable securities offering due Dec. 19, 2016 remains unchanged.

The re-marketable securities were originally issued in December 2006 pursuant to Rule 144A, and Kimberly-Clark will not receive proceeds from the remarketing.

The next re-marketing date is Dec. 19, 2012.

The investment-grade ratings reflect the company's strong business profile and intermediate financial risk profile, S&P said.

The ratings also consider the diversity and strength of the company's product portfolio, in addition to its well-established brands and very good market positions globally, the agency said.

The company's exposure to the volatility of commodity and energy costs over the past several years and sensitivity to consumer trade-down under weaker economic conditions are offsetting risk factors.

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