- Language: English
- Published: September 2013
- Region: Global
Summary: eBay Inc. Feb 12
- Published: February 2012
- Standard & Poors
The ratings on San Jose, Calif.-based eBay Inc. reflect its well-established brands in Internet e-commerce and payment segments, coupled with strong discretionary cash flow generation and ample liquidity. A maturing auction business, an evolving Internet marketplace with brick-and-mortar retailers becoming more competitive, and a growth strategy that includes ongoing acquisitions somewhat mitigate those factors. The company has a "strong" business risk profile, as defined in our criteria. Founded in 1995, eBay grew net revenues 27% to about $11.7 billion in 2011. The company is a leading worldwide provider of online marketplaces and online-payments services. While barriers to entry are low, Standard & Poor's Ratings Services believes that a large user base (registered buyers and sellers), a global platform, and eBay's...
Companies mentioned in this report are: eBay Inc.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >