Moody’s gives Dollar General notes Baa2

Moody’s Investors Service said it assigned a Baa2 rating to Dollar General Corp.'s proposed new $500 million senior notes.

Proceeds of the new debt will be used to refinance existing debt and for general corporate purposes.

All other ratings remain and the outlook is stable.

The agency said Dollar General's Baa2 senior unsecured rating indicates its strong market position as a leading dollar-store chain in the United States.

“The dollar store sector is well positioned relative to other retail channels given its low price points and relative resistance to economic cycles albeit still very highly competitive operating environment,” Moody’s said in a news release.

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