DBRS rates Wal-Mart notes AA

DBRS said it has assigned a rating of AA with a stable trend to Wal-Mart Stores, Inc.'s $5 billion senior unsecured notes issuance, which includes:

• $1 billion of 0.6% notes due April 11, 2016;

• $1.25 billion of 1.125% notes due April 11, 2018;

• $1.75 billion of 2.55% callable notes due April 11, 2023; and

• $1 billion of 4.0% callable notes due April 11, 2043.

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

Proceeds from the offering are expected to be used for general corporate purposes.

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