U.K.-Headquartered global lodging operator InterContinental Hotels Group has industry-leading scale, brands, and development pipelines. We are assigning our 'BBB-' long-term corporate credit rating to U.K.-based global lodging operator InterContinental Hotels Group. The stable outlook reflects our view that IHG will maintain credit metrics typical of the rating despite tough cyclical pressures. LONDON (Standard&Poor's) Nov. 24, 2009--Standard&Poor's Ratings Services said today that it assigned its 'BBB-' long-term corporate credit rating to U.K.-headquartered global lodging operator InterContinental Hotels Group PLC (IHG). The outlook is stable. At the same time, we assigned a 'BBB-' issue rating to IHG's proposed new £750 million euro medium-term note program. "The ratings on IHG reflect our view of its global scale; strong position
