Fitch rates Kimberly-Clark de Mexico notes A

Fitch Ratings said it assigned an A rating to the $250 million 3.8% notes due 2024 issued by Kimberly-Clark de Mexico, SAB de CV.

The notes will rank at least pari passu in right of payment with all unsecured and unsubordinated debt. The proceeds will be used for capital expenditure and general corporate purposes, Fitch said.

The ratings reflect the company's leading market position, strong cash flow generation, solid capital structure and liquidity position, proven debt-payment track record and partial ownership by Kimberly-Clark Corp., the agency said.

The ratings consider the Kimberly-Clark de Mexico's ability to withstand competitive pressure, manage pricing and offset input cost pressure, Fitch said.

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