...- The lodging and leisure sector is currently facing an unprecedented decline in revenue and will continue to do so for as long as there are bans and restrictions on travel and consumer activity related to the coronavirus pandemic. - In addition, we believe an economic recession is likely in the U.S. and Europe this year, and leisure and business travel spending could be much slower than our assumptions in our previous base case forecast, even in a virus containment and recovery scenario. - S&P Global Ratings revised its rating outlook on Marriott to negative from stable and affirmed all its ratings, including the '###' issuer credit rating on the company and the 'A-2' commercial paper rating. - The negative outlook reflects the possibility of a downgrade over the next few months, or sooner, if we no longer believed containment could occur by about the end of the second quarter so that travel and hotel demand could begin to recover. We could also lower the rating if we no longer believed...
