S&P rates Kimberly-Clark notes A

Standard & Poor’s said it assigned an A rating to Kimberly-Clark Corp.’s proposed senior unsecured note issuance.

The offering will be drawn off Kimberly-Clark’s Rule 415 shelf registration statement filed June 27, 2013.

The proceeds will be used for general corporate purposes, including providing funds to retire debt, S&P said.

All of the existing ratings on the company, including its A long-term and A-1 short-term corporate credit ratings, are unchanged.

The outlook is negative.

The ratings consider the company’s solid market shares in North American tissue and global diapers, incontinence care and feminine care, S&P said.

The ratings also reflect its portfolio of well-known brand names – most of which have high consumer brand equity, the agency said.

The company faces solid competition from formidable global competitors, including Procter & Gamble Co. and Georgia-Pacific LLC, among others, S&P said.

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