CHICAGO (Standard&Poor's) Nov. 1, 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 $81.9 million floating rate series H medium term notes due 2053. The notes were 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 issue for general corporate purposes, including repaying existing short-term commercial paper borrowings, and for leverage to remain unchanged. 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 does the stable outlook. The ratings
