On June 9, 2006, Standard&Poor's Ratings Services assigned its 'BBB+' rating to Marriott International Inc.'s proposed $300 million series H notes due 2016. The notes represent a drawing under its previously filed shelf registration. Proceeds will be used for general corporate purposes. Concurrently, Standard&Poor's affirmed Marriott's other ratings, including its 'BBB+' long-term and 'A-2' short-term corporate credit ratings (see list below). The outlook is stable. About $1.9 billion of reported debt was outstanding as of Marriott's first quarter ended March 24, 2006. The ratings on Bethesda, Md.-based Marriott reflect its strong business profile as exhibited by its sizable and good quality portfolio of hotels, its ownership of 10 well known lodging brands that target multiple price
