Fitch affirms Walmart ratings

Fitch Ratings said it affirmed its ratings on Walmart Inc., including its long-term issuer default rating at AA and short-term rating at F1+.

The outlook is stable.

“Walmart's ratings reflect its dominant global retail market share position, with $559 billion of 2020 (ended January 2021) revenue, positive comparable store sales (comps), substantial cash flow, and consistent financial strategy, which has resulted in stable adjusted debt/EBITDAR leverage around 2x,” Fitch said in a news release.

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