Fitch gives BBB to Marriott notes

Fitch Ratings said it assigned a BBB rating to Marriott International Inc.'s senior unsecured notes issuance.

The outlook is positive.

Fitch said the positive outlook considers the added scale and diversification stemming from Marriott's 2016 acquisition of Starwood Hotels & Resorts, Inc., in the context of an unchanged financial policy that includes managing adjusted leverage at its stated 3 times to 3.25 times target.

The combined company's lower business risk profile will provide Marriott with greater cushion to navigate future lodging cycle downturns.

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