U.S. online travel agency Priceline.com's growth continues to outpace the overall travel market. We are revising our rating outlook on the company to positive from stable based on our reassessment of its competition position. We are affirming our 'BBB-' corporate credit rating on the company. The positive rating outlook reflects our expectation that the company's strong performance will continue over the intermediate term, despite global economic uncertainty, and that its financial policy will remain conservative. On Aug. 12, 2011, Standard&Poor's Ratings Services revised its outlook on Norwalk, Conn.-based Priceline.com Inc. to positive from stable. We affirmed our existing ratings, including our 'BBB-' corporate credit rating. The outlook revision to positive is based on our reassessment of its competition
