On April 14, 2008, Standard&Poor's Ratings Services raised its ratings on Norwalk, Conn.-based Priceline.com Inc., including the corporate credit rating to 'BB-' from 'B+'. At the same time, we removed the ratings from CreditWatch with positive implications, where they were placed on Dec. 17, 2007. The outlook is stable. The upgrade is based on continuing good operating performance from a strong competitive position in Europe, coupled with significant improvement in the credit metrics. While economic uncertainty in the U.S. and Europe could dampen overall industry growth somewhat, we expect Priceline.com will continue to gain market share and post good operating results. Priceline.com is a provider of retail and consumer bid-based travel services in airline tickets, hotel rooms, rental
