NEW YORK (Standard&Poor's CreditWire) Jan. 11, 2001--Standard&Poor's today assigned its triple-'B'-plus rating to Marriott International Inc.'s $300 million 7% senior unsecured notes due Jan. 30, 2008. The notes are being offered pursuant Rule 144A under the Securities Act of 1933. Proceeds are expected to be used to repay commercial paper borrowings and for general corporate purposes. At the same time, Marriott's triple-'B'-plus corporate credit rating and triple-'B' subordinated debt ratings are affirmed. Marriott's 'A-2' commercial paper rating is also affirmed. The outlook is stable. Marriott's ratings reflect its above-average business profile and moderate financial profile. Marriott is a leader in the hospitality industry in brand strength and diversity, as well as management depth, continuity, and experience.
