Norwalk, Conn.-based online travel agency Priceline.com's operating performance has remained strong through a protracted weak economy. Priceline.com's credit measures are steadily improving from a combination of debt repayment and EBITDA growth. We are raising the corporate credit rating on Priceline.com to 'BB' from 'BB-'. The positive outlook conveys our expectations that strong operating performance will likely continue over at least the intermediate term. On Dec. 3, 2009, Standard&Poor's Ratings Services raised its corporate credit rating on Priceline.com Inc. to 'BB' from 'BB-'. The rating outlook remains positive. We based our rating upgrade on Priceline.com's strong operating performance, good credit metrics, and our view that the company's good fundamentals will support ongoing solid performance. Despite global economic weakness and
