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DBRS rates Wal-Mart notes AA
DBRS said it assigned a rating of AA with a stable trend to Wal-Mart Stores, Inc.'s new senior unsecured notes issuance.
The issuance is made up of €850 million 1.9% notes due April 8, 2022 and €650 million 2.55% notes due April 8, 2026.
The notes will be senior unsecured debt obligations ranking pari passu with Walmart's other senior unsecured indebtedness, DBRS said.
The proceeds will be used for general corporate purposes.
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