Colgate-Palmolive Co.'s $2.5 Billion Commercial Paper Program Assigned 'A-1+' Rating

CHICAGO (Standard&Poor's) Nov. 20, 2014--Standard&Poor's Ratings Services said today that it assigned its 'A-1+' short-term rating to New York City-based Colgate-Palmolive Co.'s new $2.5 billion U.S. commercial paper program. The new program is replacing the existing $2.3 billion U.S. commercial paper program. We expect to withdraw the ratings on the existing program when existing commercial paper notes run off. All of our existing ratings on the company, including the 'AA-' corporate credit rating, remain unchanged, as does the stable outlook. The company had approximately $6.1 billion of reported debt outstanding as of Sept. 30, 2014. The ratings on Colgate-Palmolive reflect its solid position as the largest competitor in the stable global oral care segment, very high

...Issuers, Jan. 2, 2014 + Corporate Methodology, Nov. 19, 2013 + Corporate Methodology: Ratios And Adjustments, Nov. 19, 2013 + Key Credit Factors For The Branded Nondurables Industry, Nov. 19, 2013 + Methodology For Linking Short-Term And Long-Term Ratings For Corporate, Insurance, And Sovereign Issuers, May 7, 2013 + Methodology: Management And Governance Credit Factors For Corporate Entities And Insurers, Nov. 13, 2012 + 2008 Corporate Criteria: Rating Each Issue, April 15, 2008 + 2008 Corporate Criteria: Commercial Paper, April 15, 2008 RATINGS LIST Colgate-Palmolive Co. Corporate credit rating ##-/Stable/A-1+ Rating Assigned Colgate-Palmolive Co. Commercial paper A-1+ Complete ratings information is available to subscribers of RatingsDirect at www.globalcreditportal.com and at www.spcapitaliq.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column....

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