NEW YORK (Standard&Poor's) April 29, 2011--Standard&Poor's Ratings Services said today that it assigned its 'AA-' senior unsecured debt ratings to New York City-based Colgate-Palmolive Co.'s (AA-/Stable/A-1+) $250 million senior unsecured notes due 2014 and $250 million senior unsecured notes due 2017. These issues will be drawn from the company's Series G Medium Term Note program. We expect net proceeds from the debt issues to repay commercial paper borrowings and for leverage to remain unchanged. We also expect credit protection measures to remain stable through the remainder of 2011, including leverage in the 1x area. The ratings on Colgate-Palmolive reflect its diversified portfolio of consumer brands, extensive international presence, strong cash flow generating ability, and conservative financial
