S&P affirms Kimberly-Clark

S&P said it affirmed all of its ratings on Kimberly-Clark Corp., including the A/A-1 long- and short-term issuer credit ratings.

The outlook is stable.

The agency said it affirmed the ratings because it expects restructuring efforts and recent price increases will restore profitability, including an adjusted EBITDA margin above 23% over the next 18 months.

The stable outlook reflects a view that the company will sustain adjusted leverage, excluding global restructuring charges, at or below 2x, S&P said.

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