Global hotel chain operator Marriott has announced plans to issue $300 million of senior unsecured notes due 2022, the proceeds of which it will use for general corporate purposes. We are assigning our 'BBB' issue-level rating to the proposed notes. The stable rating outlook reflects our belief that Marriott will make financial policy choices over the next several years that will enable it to sustain credit measures in line with our current rating. On Sept. 5, 2012, Standard&Poor's Ratings Services assigned its 'BBB' issue-level rating to Bethesda, Md.-based Marriott International Inc.'s proposed $300 million notes due 2022. Marriott expects to use the proceeds for general corporate purposes. All other ratings remain unchanged. Standard&Poor's corporate credit rating
