S&P puts Starwood on watch

Standard & Poor's said it placed Starwood Hotels & Resorts Worldwide Inc.'s BBB- corporate credit rating on CreditWatch with negative implications.

The watch reflects weak credit measures amid increasing concerned about the global lodging operating environment, according to the agency.

Starwood's adjusted total debt-to-EBITDA ratio was 3.75x for the 12 months ended Sept. 30.

Concerns also include the impact of consumer spending on the company's timeshare segment, the agency said.

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