NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a 'AA-' rating to Colgate Palmolive Company's (Colgate) $600 million senior unsecured 30-year note. Fitch currently rates Colgate's IDR 'AA-'. The Rating Outlook is Stable. Proceeds will be used for general corporate purposes including repaying commercial paper. As of June 30, 2015 Colgate had $236 million in outstanding CP. However, CP balances are typically higher within the reporting period with average daily balances of $2 billion in the