Report
EUR 176.76 For Business Accounts Only

Wal-Mart Stores, Inc.: Tender offer will not affect ratings, though credit positive

CORPORATES ISSUER COMMENT 15 June 2017 Contacts Charles O'Shea 212-553-3722 VP-Sr Credit Officer charles.o'[email protected] Janice Hofferber, CFA 212-553-4493 MD-Corporate Finance [email protected] Wal-Mart Stores, Inc. Tender offer will not affect ratings, though credit positive Wal-Mart Stores, Inc. (Walmart) announced tender offer do not affect its Aa2 long-term issuer rating
Underlying
Walmart Inc.

Walmart is engaged in global operations of retail, wholesale and other units, as well as eCommerce, located throughout the U.S., Africa, Argentina, Canada, Central America, Chile, China, India, Japan, Mexico and the U.K. The company's operations are conducted in three reportable segments: Walmart U.S., which is a mass merchandiser of consumer products, operating under the Walmart and Walmart Neighborhood Market brands, as well as walmart.com, jet.com and other eCommerce brands; Walmart International, which includes various formats divided into retail, wholesale and other categories; and Sam's Club, which is a membership-only warehouse club that also operates samsclub.com.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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