DBRS Notes Wal-Mart Stores, Inc.’s Name Change

DBRS Limited (DBRS) notes that, effective February 1, 2018, Wal-Mart Stores, Inc. (rated AA with Stable trends by DBRS) changed its corporate name to Walmart Inc.

Notes:
The principal methodology is Rating Companies in the Merchandising Industry, which can be found on dbrs.com under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

This rating was not initiated at the request of the rated entity.

The rated entity or its related entities did participate in the rating process. DBRS did not have access to the accounts and other relevant internal documents of the rated entity or its related entities.

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