Fitch: Colgate unchanged

Fitch Ratings said it foresees no implications for Colgate Palmolive Co.'s ratings stemming from the company's announcement that it plans to purchase 40 million common shares over the next two years. Based on current prices, the shares could cost approximately $3.2 billion, and the agency said much of this should be funded primarily through internally generated cash flow.

Colgate has AA- long-term and F1+ short-term issuer default ratings, and its senior unsecured notes and revolving credit facility are rated AA-.

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