Research Update: PayPal Holdings Inc. Long-Term Rating Raised To 'BBB+' On Synchrony Agreement; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: PayPal Holdings Inc. Long-Term Rating Raised To 'BBB+' On Synchrony Agreement; Outlook Stable

Research Update: PayPal Holdings Inc. Long-Term Rating Raised To 'BBB+' On Synchrony Agreement; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: PayPal Holdings Inc. Long-Term Rating Raised To 'BBB+' On Synchrony Agreement; Outlook Stable
Published Dec 12, 2017
6 pages (1921 words) — Published Dec 12, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

PayPal announced on Nov. 16, 2017, the sale of its U.S. retail loan book to Synchrony and an agreement whereby Synchrony will underwrite and fund the growth of the retail loan portfolio going forward. The two parties also agreed on a profit and loss allocation mechanism that will share some of the downside credit risks associated to the retail loan portfolio in a severe stress scenario between the two companies. We are raising our long-term rating on PayPal to 'BBB+' from 'BBB'. The outlook is stable, reflecting our view that the company's strong recent performance and lower-risk balance sheet position it well to compete in a highly competitive payments space. On Dec. 12, 2017, S&P Global Ratings raised its long-term

  
Brief Excerpt:

...PayPal announced on Nov. 16, 2017, the sale of its U.S. retail loan book to Synchrony and an agreement whereby Synchrony will underwrite and fund the growth of the retail loan portfolio going forward....

  
Report Type:

Research Update

Issuer
PayPal Holdings, Inc.
GICS
Data Processing & Outsourced Services (45102020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: PayPal Holdings Inc. Long-Term Rating Raised To 'BBB+' On Synchrony Agreement; Outlook Stable" Dec 12, 2017. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-PayPal-Holdings-Inc-Long-Term-Rating-Raised-To-BBB-On-Synchrony-Agreement-Outlook-Stable-1968205>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: PayPal Holdings Inc. Long-Term Rating Raised To 'BBB+' On Synchrony Agreement; Outlook Stable Dec 12, 2017. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-PayPal-Holdings-Inc-Long-Term-Rating-Raised-To-BBB-On-Synchrony-Agreement-Outlook-Stable-1968205>
  
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