NEW YORK (Standard&Poor's) June 20, 2007--Standard&Poor's Ratings Services today assigned its 'BBB+' rating to Marriott International Inc.'s proposed $350 million series I notes due 2017. The new notes will represent senior unsecured obligations of Marriott, and reflect a drawdown under its shelf registration. Net proceeds are expected to be used to repay approximately $300 million of the company's outstanding commercial paper borrowings and for general corporate purposes, including working capital, capital expenditures, acquisitions, and stock repurchases. About $2.3 billion of total debt was outstanding as of Marriott's first quarter ended March 23, 2007. Standard&Poor's corporate credit rating on Bethesda, Md.-based Marriott is BBB+/Stable/A-2. The 'BBB+' rating reflects the company's strong business profile as exhibited
