Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Marriott International Inc. > News item |
S&P rates Marriott notes BBB
Standard & Poor's said it assigned a BBB rating to Marriott International Inc.'s $400 million senior unsecured notes due 2013. The long-term corporate credit rating is BBB.
The outlook is stable.
Proceeds will be used to repay outstanding commercial paper balances.
According to S&P, the rating reflects the company's strong business profile, its leadership position in timeshare, its experienced management team and its focus on managing and franchising hotels rather than outright ownership.
These factors are tempered by the cyclical nature of the lodging industry and the susceptibility of the travel and leisure industry to global political events, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.