NEW YORK (Standard&Poor's) April 30, 2013--Standard&Poor's Ratings Services said today it assigned its 'AA-' senior unsecured debt rating to New York City-based Colgate-Palmolive Co.'s newly issued $400 million 0.9% senior unsecured notes due May 2018 and $400 million 2.1% senior unsecured notes due May 2023. The new issuance will be drawn from the company's Series H medium-term note program issued under its shelf registration. We expect net proceeds from the debt issue to be used for general corporate purposes, including the repayment of existing short-term commercial paper borrowings, and for leverage to remain unchanged. We also expect credit protection measures to remain relatively stable in 2013, including leverage in the 1.5x area. The ratings on Colgate-Palmolive
