CHICAGO (Standard&Poor's) Feb. 27, 2014--Standard&Poor's Ratings Services said today it assigned its 'AA-' debt rating to New York City-based Colgate-Palmolive Co.'s $1 billion senior unsecured notes, which are comprised of a $500 million five-year tranche due 2019 and $500 million ten-year tranche due 2024. The notes will be drawn from the company's Series H medium-term note program issued under its shelf registration. We expect the company to use net proceeds from the debt issuance for general corporate purposes, including repaying near-term debt maturities and commercial paper. We also expect credit protection measures to remain relatively stable over the next year, including leverage in the 1.5x area. The 'AA-/A-1+' corporate credit rating on Colgate-Palmolive remains unchanged, as
