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Fitch Downgrades eBay to 'BBB' on PayPal Separation; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded the long-term ratings for eBay, Inc. (eBay), including the long-term Issuer Default Rating (IDR) to 'BBB' from 'A-' in connection with the separation of PayPal Inc. (PayPal), and removed the rating from Rating Watch Negative. In addition, Fitch has affirmed the short-term ratings at 'F2'. Fitch's actions affect $10.6 billion of debt including the $3 billion revolving credit facility (RCF). A full list of ratings follows at the end of this p

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