Marriott International's 3% Series K Senior Notes Remain At 'BBB' After $200M Add-On - S&P Global Ratings’ Credit Research

Marriott International's 3% Series K Senior Notes Remain At 'BBB' After $200M Add-On

Marriott International's 3% Series K Senior Notes Remain At 'BBB' After $200M Add-On - S&P Global Ratings’ Credit Research
Marriott International's 3% Series K Senior Notes Remain At 'BBB' After $200M Add-On
Published Mar 09, 2012
Published Mar 09, 2012
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) March 9, 2012--Standard&Poor's Ratings Services said today that its rating on Bethesda, Md.-based Marriott International Inc.'s 3% series K senior notes due 2019 remains unchanged at 'BBB', following the company's $200 million add-on to the offering. The aggregate amount of the notes issue is now $600 million. Marriott intends to use the proceeds for general corporate purposes. The corporate credit rating on Marriott is 'BBB' and the rating outlook is stable. The rating partially reflects our assessment of the company's business risk profile as "strong" (as our criteria define the term). This is based on the company's sizable, good-quality system of hotels targeting multiple price points; its experienced management team; its focus on

  
Report Type:

Ratings Action

Ticker
MAR
Issuer
GICS
Hotels, Resorts & Cruise Lines (25301020)
Sector
Global Issuers, Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Marriott International's 3% Series K Senior Notes Remain At 'BBB' After $200M Add-On" Mar 09, 2012. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Marriott-International-s-3-Series-K-Senior-Notes-Remain-At-BBB-After-200M-Add-On-944931>
  
APA:
S&P Global Ratings’ Credit Research. (). Marriott International's 3% Series K Senior Notes Remain At 'BBB' After $200M Add-On Mar 09, 2012. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Marriott-International-s-3-Series-K-Senior-Notes-Remain-At-BBB-After-200M-Add-On-944931>
  
US$ 150.00
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