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Fitch affirms rating on PayPal Holdings

Fitch Ratings has affirmed its BBB+ long-term issuerdefault rating on PayPal HoldingsInc.

The rating agencywithdrew the BBB+ issuer default rating assigned to the company's unit, PayPalInc., as it does not anticipate debt to be issued at this entity.

The ratings outlook isstable.

Fitch said its ratingsand outlook reflect its expectations for a continuation of strong operatingperformance within the context of secular growth markets and conservativefinancial policies through at least the intermediate term.