Fitch affirms Walmart

Fitch Ratings said it affirmed Walmart, Inc.'s ratings, including the long-term issuer default rating at AA and short-term issuer default rating at F1+. The outlook is stable.

“Walmart's ratings reflect its dominant global retail market share position, with over $514 billion of 2018 (ended January 2019) revenue, positive comparable store sales (comp) trend, substantial cash flow, and consistent financial strategy, which has resulted in stable leverage near 2.0x over time,” the agency said in a news release.

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