Host Marriott Debt Rating Lowered

S&P expects the lodging environment will continue to remain challenging throughout 2003

On Feb. 13, 2003, Standard & Poor's lowered its corporate credit rating for Host Marriott Corp. (HMT ) to 'B+' from 'BB-'. At the same time, the rating was removed from CreditWatch, where it was placed on Feb. 5, 2003. The outlook is stable. Total debt outstanding at the end of September 2002 was $5.7 billion.

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