U.S.-based lodging company Marriott plans to privately place commercial paper notes up to a maximum program amount of $1.5 billion. We are assigning our 'A-2' short-term commercial paper rating to the 4(2) program. We affirmed our 'BBB' long-term corporate credit rating and all other ratings on the company. The stable rating outlook reflects our belief that Marriott will make financial policy choices over the next several years that will keep credit metrics in line with the 'BBB' rating. NEW YORK (Standard&Poor's) March 17, 2011--Standard&Poor's Ratings Services today assigned Bethesda, Md.-based Marriott International Inc.'s new maximum $1.5 billion 4(2) commercial paper program its 'A-2' short-term rating. Marriott intends to use the proceeds for general corporate and working
