Ok, I'm seeing some reports that this is a bug in Excel. You can check this by opening the file in Excel and trying to set the font colour manual using Colors, Color Model = RGB, Red =0, Green = 0, Blue = 0. You should find that your text becomes 100% transparent.
To get around this you could try setting your text to "almost" black RGB = (1,1,1) or #FF010101
Main credit [
^]