Fitch Assigns Initial 'BBB+' IDR to Paypal; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned an initial 'BBB+' long-term Issuer Default Rating (IDR) to Paypal Holdings, Inc., as well as its wholly-owned subsidiary, Paypal Inc. (Paypal) following the company's separation from eBay Inc. (eBay). The Rating Outlook is Stable. KEY RATING DRIVERS The ratings and Outlook reflect Fitch's expectations for a continuation of strong operating performance within the context of secular growth markets and conservative financial policies through at

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