New York, November 25, 2014 -- Moody's Investors Service ("Moody's") today assigned a Prime-1 ("P-1") short term rating to Kimberly-Clark Corporation's ("KMB" or "Kimberly-Clark") new $2 billion commercial paper program. This commercial paper program is expected to replace the company's existing one at Kimberly-Clark Worldwide over the next several weeks after all outstanding commercial paper rolls off. At that time Moody's expects to withdraw the P-1 short term rating at Kimberly Clark Worldwide. All other ratings are affirmed.

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