NEW YORK (Standard&Poor's) Oct. 16, 2014--Standard&Poor's Ratings Services' key takeaways from Wal-Mart Stores Inc.'s analyst meeting yesterday were lower sales guidance for fiscal 2015 and details on capital allocation for fiscal 2016. Wal-Mart lowered its sales guidance for fiscal 2015 and now estimates revenue growth for this year to be 2% to 3%. However, we included revenue growth of around 3% in our existing assumptions. Therefore, Wal-Mart's lower expectations for fiscal 2015 are still in line with our assumptions for the year. We expected adjusted debt to EBITDA to be 1.7x or 1.8x, which is very near the current past 12-month metric and also within the narrow band the company has maintained over the past few
