Fitch Cuts Kimberly Clark in Mexico

Fitch Cuts Kimberly Clark in Mexico

Corporate & Sovereign Strategy

Fitch has cut to A minus from A the foreign currency issuer default rating of Kimberly-Clark de Mexico (KCM) as well as the senior unsecured rating on KCM's 8.87% senior notes due 2009. The rating outlook is stable and the downgrade follows Fitch's recent cut of the parent company to single A. "The KCM downgrade reflects the weakened ability of KMB to support KCM in the event the Mexican government imposes exchange controls that would prevent or impede the private sector's ability to convert loc

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