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Published on 4/22/2010 in the Prospect News Convertibles Daily.

S&P: Marriot view to positive

Standard & Poor's said it revised the outlook on Marriott International Inc. to positive from stable, and affirmed its BBB- corporate credit rating.

The positive outlook reflects an expectation that Marriott could achieve and sustain credit measures appropriate for a one-notch higher rating over the intermediate term, S&P said.

The agency said it expects that hotel room demand in the United States and in many major global markets where Marriott has a presence will likely achieve sustained levels of growth in 2010.

Revenue per available room in the United States and at Marriott is expected to turn positive for 2010, S&P said.


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