S&P changes Kimberly-Clark de Mexico view

S&P said it affirmed its long-term A- global scale and mxAAA national scale corporate credit and debt ratings, as well as its short-term mxA-1+ national scale corporate credit rating, on Kimberly-Clark de Mexico SAB de CV.

At the same time, the agency revised the outlook on the global scale rating to negative from stable, while the outlook on the national scale ratings remains stable.

“The outlook revision reflects KCM's weaker-than-expected operating and financial performance in 2017, stemming from a tough cost environment and the challenging economy in Mexico, which hurt the company's sale volumes and profitability,” S&P said in a news release.

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