DBRS Rates $3 Billion Wal-Mart Issue at AA

DBRS has today assigned a rating of AA with a Stable trend to the $3 billion of total notes (the Notes) issued by Wal-Mart Stores, Inc.

The $3 billion was issued by means of three notes, detailed as follows in order of maturity:
– $750 million 2.250% coupon, due 2015
– $1,500 million 3.625% coupon, due 2020
– $750 million 4.875% coupon, due 2040

The Notes rank pari passu with Wal-Mart Stores, Inc.’s other senior unsecured indebtedness. Proceeds from the Notes will be used for general corporate purposes.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Merchandisers, which can be found on the DBRS website under Methodologies.

This is a Corporate (Consumers) rating.