Moody's rates Kimberly-Clark notes A2

Moody's Investors Service said it assigned an A2 rating to Kimberly-Clark Corp.'s proposed $500 million of senior notes. The outlook remains stable.

Proceeds will be used for general corporate purposes, which Moody's expects will include a contribution to the company’s U.S. pension plan.

The agency said Kimberly-Clark's A2 senior debt rating reflects its sizable global scale; strong market position in paper, health and hygiene-related consumer products; strong cash flow and public commitment to an A rating.

Rating constraints include limited product diversification and greater concentration of sales and profits within the developed markets than some of its large peers, Moody’s 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.