NEW YORK (Standard&Poor's) Feb. 29, 2016—Standard&Poor's Ratings Services today assigned its 'BBB' issue-level rating (the same as the 'BBB' corporate credit rating) on Chicago-based Hyatt Hotels Corp.'s proposed $300 million senior unsecured notes due 2026. Hyatt plans to use proceeds from the proposed offering for general corporate purposes, which may include the full or partial redemption of the $250 million senior unsecured 3.875% notes due August 2016, repayment of secured debt, share repurchases, or acquisitions. All other ratings on Hyatt, including the 'BBB' corporate credit rating, remain unchanged. For the complete corporate credit rating rationale, please see our summary analysis on Hyatt, published Feb. 23, 2016, on RatingsDirect. RELATED CRITERIA AND RESEARCH Methodology And Assumptions: Liquidity
