DBRS rates Wal-Mart notes AA

DBRS said it assigned a rating of AA with a stable trend to Wal-Mart Stores Inc.'s $1.75 billion senior unsecured notes issuance, which includes $1 billion 1.95% notes due Dec. 15, 2018 and $750 million 4.75% notes due Oct. 2, 2043.

The notes will be senior unsecured obligations ranking pari passu with Wal-Mart's other senior unsecured indebtedness, DBRS said.

The proceeds will be used for general corporate purposes, the agency said.

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