DBRS Rates Wal-Mart’s $1.75 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) $1.75 billion senior unsecured notes (the Notes) issuance, which includes:

(1) $1.0 billion 1.95% notes, due December 15, 2018 and
(2) $750 million 4.75% notes, due October 2, 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.