Moody’s assigns Kimberly-Clark notes A2

Moody's Investors Service said it assigned an A2 rating to $800 million of senior unsecured notes offered today by Kimberly-Clark Corp.

There are no changes to Kimberly-Clark’s existing ratings, including the company's A2 unsecured rating and the Prime-1 commercial paper rating.

The stable outlook is unchanged.

Net proceeds from the issuance will be used for general corporate purposes, including refinancing of commercial paper, $250 million of floating-rate notes due May 16, 2016 and $300 million of floating-rate notes due May 19, 2016.

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

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