Fitch affirms Kimberly-Clark de Mexico

Fitch Ratings said it affirms Kimberly-Clark de Mexico, SAB de CV's ratings as follows: foreign currency issuer default rating at A; local currency issuer default rating at A; senior unsecured 8.87% senior notes due 2009 at A; long-term national-scale rating at AAA(mex); Ps. 750 million unsecured CBs due 2010 at AAA(mex); Ps. 1.25 billion unsecured CBs due 2013 at AAA(mex); and Ps. 2.5 billion unsecured CBs due 2017 at AAA(mex).

Fitch said it has also assigned AAA(mex) ratings to the company's proposed new unsecured fourth and fifth certificados bursatiles issuances, totaling Ps. 3.5 billion combined.

The outlook is stable.

According to the agency, Kimberly-Clark de Mexico's ratings reflect the company's dominant business position in Mexico, stable cash flows and strong financial profile.

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