S&P rates Marriott notes BBB

S&P said it assigned its BBB issue-level rating (the same level as the long-term issuer credit rating) to Marriott International Inc.'s proposed senior unsecured notes, which it will offer in three tranches (one with a floating-rate coupon and two fixed).

Marriott plans to use the proceeds from the proposed notes for general corporate purposes, which may include repaying outstanding commercial paper or other borrowings, repurchasing stock, or funding working capital, capital expenditures, or acquisitions.

All of S&P’s other ratings on Marriott remain unchanged, S&P said.

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