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Research Update: eBay Inc. Corporate Credit Rating Raised To 'A' Based On Its Strong Performance; Outlook Stable Mar 10
Standard & Poors, March 2010
Abstract
U.S. Internet e-commerce and payment company eBay's solid operational performance has resulted in further strengthened credit measures. We are raising our corporate credit rating on eBay to `A' from `A-'. The stable outlook reflects our expectation that eBay will benefit from its leadership position in e-commerce and associated payment offerings. On March 2, 2010, Standard & Poor's Ratings Services raised its corporate credit rating on San Jose, Calif.-based Internet e-commerce and payment company eBay Inc. to 'A' from 'A-'. The outlook is stable. The upgrade reflects the company's strong performance during a particularly challenging retail and economic environment, and further enhancement of its already strong credit protection profile. The ratings on Internet auction company eBay Inc. reflect its well-established brands...
Companies mentioned in this report are: eBay Inc.
Action: Outlook: Stable
Action: Upgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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