Moody's: Wal-Mart not immediately affected

Moody's Investors Service said that Wal-Mart's disclosure that it is investigating its compliance with the Foreign Corrupt Practices Act would have no immediate effect on either the Aa2/Prime-1 ratings or the stable outlook.

"While it is far too early in the process to speculate as to any potential rating impact, in the event the conduct of this investigation or its findings, if any, results in a material negative impact on Wal-Mart's operating performance such that profitability and cash flows reduce dramatically, Moody's reserves the right to immediately revisit both the rating and the outlook," Moody's senior analyst Charlie O'Shea said in a news release.

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