S&P assigns AA to Walmart notes

S&P said it assigned its AA issue-level rating to Walmart Inc.'s planned senior unsecured notes.

“Our AA long-term issuer credit rating and stable outlook on Walmart are unchanged, despite a volatile and challenging operating environment for retailers (including them) in 2022,” S&P said in a press release.

Walmart is planning a dollar-denominated benchmark offering in four tranches and plans to use the proceeds for general corporate purposes, which may include repayment, refinancing or replacement of maturing debt, among other uses.

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