Fitch affirms Colgate

Fitch Ratings said it affirmed Colgate-Palmolive Co.'s ratings as follows: long-term issuer default rating at AA-; short-term issuer default rating at F1+; senior unsecured notes at AA-; revolving credit facility at AA-; and commercial paper program at F1+.

The outlook is stable.

According to Fitch, the ratings reflect the company's scale with about $15.7 billion in revenues at the last 12 months ended June 30, leading market shares particularly in oral care on a global basis, consistently strong operating performance, and considerable liquidity and credit protection measures.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.