CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Wal-Mart Stores, Inc.'s (Walmart) Long-term Issuer Default Rating (IDR) at 'AA' and Short-term IDR and commercial paper (CP) ratings at 'F1+'. The Rating Outlook is Stable. KEY RATING DRIVERS Walmart's ratings reflect its substantial scale, dominant market position in North America, low cyclicality, meaningful free cash flow (FCF; CFO less capex less dividends), and relatively steady financial leverage, despite a history of partially financin
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