Fitch affirms Kimberly-Clark de Mexico

Fitch Ratings said it affirmed the A foreign- and local-currency issuer default ratings of Kimberly-Clark de Mexico, SAB de CV.

The agency also affirmed the long-term national rating at AAA(mex) and the company's unsecured certificados bursatiles at AAA(mex).

The outlook is stable.

Ratings reflect the company's dominant market position, strong cash flow generation, solid liquidity and low leverage, Fitch said.

The affirmation of the company's issuer default ratings above Mexico's A- country ceiling is due to the company's strong capital structure and liquidity position, proven debt-payment track record and implicit support from Kimberly-Clark Corp., which is rated A with a stable outlook and owns 47.98% of the issuer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.