S&P affirms Kimberly-Clark Mexico

Standard & Poor's said it affirmed its BBB+ foreign and A- local currency corporate credit ratings on Kimberly-Clark de Mexico SA de CV. The outlook is stable.

S&P said the ratings on Kimberly-Clark Mexico reflect the company's above-average business-risk profile in the stable consumer products sector in Mexico, its low financial leverage, its good cash-flow protection measures and its efficient operations.

The ratings also indicate the strong competition within the consumer products segment, the inherent cyclicality of the printing and writing segment and the high client concentration, S&P said.

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