NEW YORK (S&P Global Ratings) April 3, 2018--S&P Global Ratings today assigned its 'BBB' issue-level rating (the same as the 'BBB' corporate credit rating) to Bethesda, Md.-based diversified lodging company Marriott International Inc.' s proposed $400 million 10-year senior unsecured notes offering. Marriott plans to use the proceeds of the proposed notes offering for general corporate purposes, which may include repayment of outstanding commercial paper or other borrowings, stock repurchases, working capital, capital expenditures, or acquisitions. All other ratings, including the 'BBB' corporate credit rating, remain unchanged. For the complete corporate credit rating rationale, please see our summary analysis on Marriott, published March 27, 2018, on RatingsDirect. RELATED CRITERIA General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April
