S&P gives A to Kimberly-Clark notes

Standard & Poor's said it assigned its A senior unsecured debt rating to Kimberly-Clark Corp.'s proposed $600 million debt issuance, which is expected to consist of a mix of two-year floating-rate and five-year fixed-rate notes.

S&P said its ratings on Kimberly-Clark reflect S&P's view that the company has a "strong" business risk profile, evidenced in particular by its diverse product portfolio and high brand equity.

S&P's "modest" financial risk profile assessment on the company reflects S&P's forecast that the company will sustain leverage over the next year below 2x and funds from operations-to-total debt between 40% and 45%.

All of the existing ratings on the company, including the A long-term and A-1 short-term corporate credit ratings, remain unchanged. The outlook is stable.

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