Source - SMW
Fitch Ratings has affirmed the long-term issuer default rating for PayPal Holdings Inc at 'BBB+' and assigned a new 'BBB+' rating to PayPal's $3bn senior unsecured, 364-day delayed draw term loan. 

Fitch said: 'PayPal's strong leadership role in the digital payments arena and solid profitability positions the company well in the years ahead. 

'The company has publicly signalled a move toward debt as part of its capital structure but we believe PayPal will continue to manage its balance sheet conservatively and that incremental leverage is likely to augment a growing cash balance abroad.'