Marriott Rtgs Lwrd, Renaissance's Raised; Off S&PWatch - S&P Global Ratings’ Credit Research

Marriott Rtgs Lwrd, Renaissance's Raised; Off S&PWatch

Marriott Rtgs Lwrd, Renaissance's Raised; Off S&PWatch - S&P Global Ratings’ Credit Research
Marriott Rtgs Lwrd, Renaissance's Raised; Off S&PWatch
Published Mar 31, 1997
Published Mar 31, 1997
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's has lowered its corporate credit and senior unsecured debt ratings of Marriott International Inc. to triple-'B'-plus from single-'A'-minus and its subordinated debt rating to triple-'B' from triple-'B'-plus. At the same time, Standard&Poor's has raised its corporate credit and senior unsecured debt ratings of RHG Finance Corp., a unit of Renaissance Hotel Group N.V., to triple-'B'-plus from triple-'B'. All ratings have been removed from CreditWatch, where they were placed Feb. 18, 1997. The ratings outlook is stable. The rating change is based on Marriott's increased debt burden and weaker credit measures, partly offset by the company's enhanced lodging portfolio and stable and growing contract services businesses. With the Renaissance acquisition, Marriott's lodging group has expanded to

  
Report Type:

Ratings Action

Ticker
MAR
Issuer
GICS
Hotels, Resorts & Cruise Lines (25301020)
Sector
Global Issuers, Structured Finance
Country
Region
Format:
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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 Rtgs Lwrd, Renaissance's Raised; Off S&PWatch" Mar 31, 1997. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Marriott-Rtgs-Lwrd-Renaissance-s-Raised-Off-S-PWatch-6578>
  
APA:
S&P Global Ratings’ Credit Research. (). Marriott Rtgs Lwrd, Renaissance's Raised; Off S&PWatch Mar 31, 1997. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Marriott-Rtgs-Lwrd-Renaissance-s-Raised-Off-S-PWatch-6578>
  
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