On Oct. 11, 2005, Standard&Poor's Ratings Services assigned its 'BBB+' rating to Marriott International Inc.'s proposed series G notes due Nov. 15, 2015. The notes will be offered in exchange for any or all of Marriott's existing 7% series E notes due 2008, and any and all of the 7.875% series C notes due 2009. Up to $593.9 million of the new notes will be issued, depending upon how many of the old notes are exchanged. The new notes will represent senior unsecured obligations of Marriott, and will be issued under rule 144A of the Securities Act of 1933. Concurrently, Standard&Poor's affirmed Marriott's other ratings, including its 'BBB+' long-term and 'A-2' short-term corporate credit ratings (see
