PayPal Holdings, Inc. is one of the largest operators in the field of digital payments processing globally. We are assigning our 'BBB' long-term and 'A-2' short-term issuer credit ratings to PayPal. The stable outlook reflects our expectation that PayPal will continue to benefit from low-to-mid-teen growth in its payment volumes while expanding its unsecured lending to retail customers. On July 20, 2015, Standard&Poor's Ratings Services assigned its 'BBB' long-term and 'A-2' short-term issuer credit ratings to PayPal Holdings, Inc. The outlook is stable. The ratings on PayPal reflect our view of the company's status as one of the largest operators in the field of digital payments processing globally. We believe that this is supported by PayPal's highly scalable
