NEW YORK (Standard&Poor's) July 12, 2005—Standard&Poor's Ratings Services said today that its ratings and outlook on Colgate Palmolive Co. (AA-/Stable/A-1+) are not affected by the company's announcement that it plans to repatriate $800 million under the American Jobs Creation Act and that it will sell its North American laundry detergent brands. The sale is expected to close in the third quarter of 2005. One-time costs related to the repatriation are expected to be $35 million. Upon completion of these transactions, Colgate's key credit protection measures are expected to remain in line with the current ratings.
