NEW YORK (Standard&Poor's) June 9, 2006--Standard&Poor's Ratings Services said today that it assigned its 'BBB+' rating to Marriott International Inc.'s proposed $300 million series H notes due 2016. The notes represent a drawing under its previously filed shelf registration. Proceeds will be used for general corporate purposes. Concurrently, Standard&Poor's affirmed Marriott's other ratings, including its 'BBB+' long-term and 'A-2' short-term corporate credit ratings (see list below). The outlook is stable. About $1.9 billion of reported debt was outstanding as of Marriott's first quarter ended March 24, 2006. "We expect the company's high quality lodging portfolio, boosted by new unit growth and favorable timeshare performance, to generate meaningful earnings growth in the next 12 months.
