Marriott International Inc. 'A-2' Commercial Paper Rating Is Unaffected By Upsize Of CP Program To $2 Billion

NEW YORK (Standard&Poor's) Feb. 11, 2015--Standard&Poor's Ratings Services today said that the 'A-2' commercial paper rating on U.S. lodging company Marriott International Inc. remains unchanged by the company's upsized commercial paper program to $2 billion from $1.5 billion. All other ratings on Marriott, including the 'BBB' corporate credit rating, also remain unchanged. The rating outlook is stable. Marriott's $2 billion revolving credit facility due 2018 backs up the company's commercial paper program. The terms of the credit facility are aligned with our criteria and include diverse bank group participation and the ability to make same-day drawings. The long-term 'BBB' corporate credit rating on Marriott reflects our assessment of the company's business risk assessment as "strong" and

...NEW YORK (Standard & Poor's) Feb. 11, 2015--Standard & Poor's Ratings Services today said that the 'A-2' commercial paper rating on U.S. lodging company Marriott International Inc. remains unchanged by the company's upsized commercial paper program to $2 billion from $1.5 billion. All other ratings on Marriott, including the '###' corporate credit rating, also remain unchanged. The rating outlook is stable. Marriott's $2 billion revolving credit facility due 2018 backs up the company's commercial paper program. The terms of the credit facility are aligned with our criteria and include diverse bank group participation and the ability to make same-day drawings. The long-term '###' corporate credit rating on Marriott reflects our assessment of the company's business risk assessment as "strong" and our assessment of the company's financial risk assessment as "significant," according to our criteria. Our assessment of Marriott's business risk profile is based on its sizable, geographically diverse...

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