Moody's gives Kimberly-Clark notes A2

Moody's Investors Service said it assigned an A2 rating to Kimberly-Clark Corp.'s proposed $600 million of senior unsecured notes.

Kimberly-Clark plans to use the net proceeds for general corporate purposes, which Moody's believes will include refinancing maturing obligations and share repurchases.

The outlook remains stable.

The company had $100 million of notes mature in February 2014 and $500 million of preferred stock is redeemable in December 2014.

Moody's said the A2 senior unsecured and Prime-1 short-term debt ratings reflect Kimberly-Clark's sizable global scale and market position in paper, health and hygiene-related consumer products, its strong cash flow and its public commitment to a single-A rating.

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