DBRS Rates Wal-Mart Senior Notes Issues at AA

DBRS has today assigned a rating of AA with a Stable trend to the following senior unsecured notes issues of Wal-Mart Stores, Inc.

-- $1 billion 1.625% notes due April 15, 2014.
-- $1 billion 2.8% notes due April 15, 2016.
-- $1 billion 4.25% notes due April 15, 2021.
-- $2 billion 5.625% notes due April 15, 2041.

The notes rank pari passu with Wal-Mart Stores, Inc.’s other senior unsecured indebtedness. Proceeds from the notes issues will be used for general corporate purposes.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are Rating Food Retailers and Rating Merchandisers, which can be found on the DBRS website under Methodologies.

This rating did not include issuer participation and is based solely on publicly available information.