Walmart Inc.: Rating Report

On June 11, 2019, DBRS Limited (DBRS) confirmed Walmart Inc.’s (Walmart or the Company) Issuer Rating and the rating of the Company’s Senior Unsecured Debt at AA. All trends remain Stable. The confirmation is based on Walmart’s stable operating performance in F2019 and DBRS’s expectation that earnings and financial profile will remain relatively steady over the near to medium term. The ratings continue to be supported by the Company’s position as the world’s largest retailer. The ratings also continue to consider the intense competition.