NEW YORK (Standard&Poor's) Nov. 1, 2010--Standard&Poor's Ratings Services said today that it assigned its 'AA-' senior unsecured debt rating to New York-based Colgate-Palmolive Co.'s (AA-/Stable/A-1+) $250 million 2.95% senior unsecured notes due November 2020 and $188 million 1.375% senior unsecured notes due November 2015. These issues will be drawn from the company's Series F 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 2010, 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
