DBRS confirms Wal-Mart

DBRS said it confirmed Wal-Mart Stores, Inc.’s issuer rating and senior unsecured debt rating at AA with stable trends.

DBRS has also discontinued and withdrawn Wal-Mart’s commercial paper rating.

The confirmations reflect Wal-Mart’s relatively stable earnings and financial profiles while acknowledging lower EBITDA margins as the company continues to increase spending on its ecommerce business, DBRS said in a news release.

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