U.S. lodging company Host Hotels announced a proposed offering of $350 million senior notes due 2019. We are assigning the proposed notes our 'BB+' issue-level rating with a recovery rating of '1', while affirming our 'BB-' corporate credit rating on the company. The stable rating outlook reflects our view that Host will sustain credit measures appropriate for the current rating over the intermediate term. NEW YORK (Standard&Poor's) May 5, 2011--Standard&Poor's Ratings Services said today that it assigned Bethesda, Md.-based Host Hotels&Resorts L.P.'s proposed $350 million senior notes due 2019 its 'BB+' issue-level rating (two notches higher than our 'BB-' corporate credit rating on the company). We also assigned this debt a recovery rating of
