S&P: Kimberly-Clark notes A

Standard & Poor's said it assigned its A senior unsecured debt rating to Kimberly-Clark Corp.'s $300 million note offering due in February 2022. The offering will be drawn off Kimberly-Clark's existing Rule 415 shelf registration.

S&P said it expects the company to use net proceeds for general corporate purposes, including the partial repayment of $400 million of existing notes maturing on Feb. 15, 2012.

The agency said it believes credit protection measures will remain stable in 2012, including leverage in the 2x area, and the ratio of funds from operations to total debt ranging between 35% and 40%.

The ratings on Kimberly-Clark Corp. reflect S&P's belief the company will continue to maintain a "strong" business profile, based on its solid market positions in a number of categories, the agency said.

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