Fitch affirms Colgate

Fitch Ratings said it has 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-; $1.85 billion revolving credit facility at AA-; and commercial paper program at F1+.

The outlook is stable.

Fitch said that it also rates Colgate's new $500 million 10-year note at AA-, the proceeds of which will be used to refinance commercial paper.

The ratings reflect the company's scale with about $17 billion in revenues at the last 12 months ended June 30, leading market shares, consistently strong operating performance and considerable liquidity, the agency noted.

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