S&P puts Dollar General on positive watch

Standard & Poor's said it placed all of its ratings on Dollar General Corp., including the BB corporate credit rating, on CreditWatch with positive implications.

The ratings reflect an expectation that the company's value-focused merchandising strategy, S&P said, and continued store expansion will sustain the positive operating momentum and contribute to further improvement in credit measures.

The agency said it will resolve the CreditWatch following the redemption of the senior notes on its first call date in July 2011.

S&P said it expects to raise the ratings by one notch, raising the corporate credit rating to BB+ from BB with a stable outlook.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.