DBRS Rates Wal-Mart’s $5 Billion Senior Unsecured Notes Issue at AA with Stable Trend

DBRS has today assigned a rating of AA with a Stable trend to Wal-Mart Stores, Inc.’s (Wal-Mart) $5 billion senior unsecured notes (the Notes) issuance, which includes:

(1) $1.0 billion 0.6% notes, due April 11, 2016;
(2) $1.25 billion 1.125% notes, due April 11, 2018;
(3) $1.75 billion 2.55% notes (callable), due April 11, 2023; and
(4) $1.0 billion 4.0% notes (callable), due April 11, 2043.

The Notes will be senior unsecured obligations ranking pari passu with Wal-Mart’s other senior unsecured indebtedness. Proceeds from the offering are expected to be used for general corporate purposes.

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

The applicable methodology is Rating Companies in the Merchandising Industry (May 2011), which can be found on our website under Methodologies.