Fitch rates Wal-Mart notes AA

Fitch Ratings said it assigned ratings of AA to Wal-Mart Stores, Inc. 5.8% $750 million senior unsecured notes due 2018 and 6½% $750 million senior unsecured bonds due 2037.

The outlook is stable.

Proceeds will be used for general corporate purposes.

Ratings reflect Wal-Mart's dominant market position supported by its emphasis on everyday low pricing and a tight cost structure, which allows the company to maintain a strong financial profile, the agency said.

With the company's solid operating results, its credit metrics have remained relatively stable for the past five years, Fitch said, with a total adjusted debt-to-EBITDAR ratio of 1.8 times to 2 times.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.