We believe that U.S.-based online travel services company Priceline.com Inc. will sustain its good competitive position (especially in Europe), steady operating performance, and conservative financial policy. We are withdrawing our unsolicited rating on the company and subsequently assigning Priceline.com a 'BBB-' corporate credit rating on a solicited basis. In addition, we are assigning the company's 1.25% senior notes due 2015 our issue-level rating of 'BBB-'. The stable rating outlook reflects our expectation that the strong performance will continue over the intermediate term as Priceline continues to gain market share in Europe and the travel sector recovers from the recession. CHICAGO (Standard&Poor's) Oct. 11, 2010--Standard&Poor's Ratings Services today withdrew its unsolicited ratings on Norwalk, Conn.-based Priceline.com Inc.
