S&P rates Wal-Mart notes AA

Standard & Poor's said it assigned an AA rating to Wal-Mart Stores Inc.'s $500 million notes due 2017, $1 billion notes due 2024 and $1 billion notes due 2044.

The rating on the notes is the same as the company's AA corporate credit rating, the agency said.

The proceeds will be used for general corporate purposes.

Wal-Mart's excellent business risk profile reflects its market leadership in general merchandise and groceries, large scale and highly efficient operations provide the company with significant competitive advantage, S&P said.

Wal-Mart demonstrates a strong track record of sales and profit growth through successful store development and acquisitions in the international markets, the agency said.

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