Fitch rates Colgate Palmolive notes AA-

Fitch Ratings said it assigned an AA- rating to Colgate Palmolive Co.’s $600 million senior unsecured 30-year notes issue.

The company has an issuer default rating of AA-, short-term issuer default rating of F1+, Senior unsecured notes rating of AA-, revolving credit facility rating of AA- and commercial-paper program rating of F1+.

The outlook is stable.

The note proceeds will be used for general corporate purposes, including repaying commercial paper, Fitch said.

The ratings reflect the company’s scale with more than $17 billion in revenues as of June 30, along with leading market shares, consistently strong operating performance and considerable liquidity, the agency said.

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