S&P rates Kimberly-Clark notes A

Standard & Poor's said it assigned its A senior unsecured debt rating to Kimberly-Clark Corp.'s (A/stable/A-1) $850 million debt issuance, consisting of $250 million floating-rate notes due May 2016, $350 million of 2.4% senior unsecured notes due June 2023 and $250 million of 3.7% senior unsecured notes due June 2043.

S&P said the ratings on Kimberly-Clark 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 (including personal care, consumer tissue, professional and health care products).

"We believe the company has a diverse and strong product portfolio with high brand equity. However, the company's exposure to volatility of commodity and energy costs remains an offsetting risk factor," the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.