DBRS confirms Wal-Mart

DBRS said it has confirmed Wal-Mart Stores, Inc.'s senior unsecured debt and commercial paper ratings at AA and R-1 (middle), respectively, both with stable trends.

Wal-Mart's earnings profile remains stable and exceptionally strong due to the company's dominant market position, efficient operations, resistance to economic cycles and improving geographic diversification, the agency said.

According to DBRS, the weak economy and unfavorable trends in foreign currency exchange rates have put increased pressure on growth rates, with net sales actually declining 1% for the first six months of F2010.

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