NEW YORK (Standard&Poor's) Nov. 20, 2015--Standard&Poor's Ratings Services today assigned its 'BBB+' issue-level rating to The Priceline Group Inc.'s proposed euro-denominated senior unsecured notes due 2022. The company will use the proceeds for general corporate purposes, including share repurchases. The issue-level rating is at the same level as the corporate credit rating on Priceline. Pro forma for the debt offering, we expect Priceline to maintain a net cash position with no debt leverage. The debt leverage threshold for our 'BBB+' corporate credit rating on Priceline is 1x. We assess Priceline's financial risk profile as "modest" because of the company's net cash position, lack of debt leverage, moderate financial policy, and strong discretionary cash flow generation, which
