Fitch affirms Colgate-Palmolive

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

The outlook is stable.

The ratings reflect the company's scale with about $16.1 billion in revenues at the last 12 months ended June 30, leading market shares, consistently strong operating performance and considerable liquidity and credit protection measures, the agency said.

Strong profitability and modest debt levels have led to leverage of 1.2 times or less in the past five years and through the last twelve months, the agency added.

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