NEW YORK (Standard&Poor's) Nov. 10, 2005--Standard&Poor's Ratings Services assigned its 'A-2' rating to the €1 billion euro-commercial paper program issued by Marriott International Treasury S.C.A. and Marriott Netherlands Group Companies N.V. These entities are wholly owned subsidiaries of Bethesda, Md.-based Marriott International Inc. which will provide its unconditional and irrevocable guarantee. Marriott's existing $2 billion revolving credit facility will serve as back-up for the program. Concurrently, Standard&Poor's affirmed its other ratings, including its 'BBB+' long-term and 'A-2' short-term corporate credit ratings, on one of the world's largest lodging companies. The outlook is stable. About $1.8 billion of total debt was outstanding as of Marriott's third quarter ended Sept. 9, 2005. "The company's high quality
