CORRECTION: Dollar General Corp. Ratings Lowered, Still on CreditWatch Negative - S&P Global Ratings’ Credit Research

CORRECTION: Dollar General Corp. Ratings Lowered, Still on CreditWatch Negative

CORRECTION: Dollar General Corp. Ratings Lowered, Still on CreditWatch Negative - S&P Global Ratings’ Credit Research
CORRECTION: Dollar General Corp. Ratings Lowered, Still on CreditWatch Negative
Published Oct 02, 2001
559 words — Published Oct 02, 2001
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Abstract:

(Editor's note: In the press release dated Oct. 2, 2001, the cents per share equivalent was misstated in the second to last paragraph. A corrected version follows.) NEW YORK (Standard&Poor's) Oct. 2, 2001--Standard&Poor's today lowered its corporate credit, senior unsecured bank loan, and senior unsecured debt ratings on Dollar General Corp. to triple-'B'-minus from triple-'B'-plus. The ratings remain on CreditWatch with negative implications. The downgrade is based on Standard&Poor's growing concern that an investigation into allegations of fraudulent behavior could result in a greater impact on the company's financials than previously anticipated. This follows the company's recent announcement that: --On Sept. 14, 2001, Deloitte&Touche LLP was dismissed as its independent accountant; --On

  
Brief Excerpt:

RESEARCH CORRECTION: Dollar General Corp. Ratings Lowered, Still on CreditWatch Negative Publication date: 02-Oct-2001 (Editor's note: In the press release dated Oct. 2, 2001, the cents per share equivalent was misstated in the second...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
General Merchandise Stores (25503020)
Sector
Global Issuers , Structured Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "CORRECTION: Dollar General Corp. Ratings Lowered, Still on CreditWatch Negative" Oct 02, 2001. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/CORRECTION-Dollar-General-Corp-Ratings-Lowered-Still-on-CreditWatch-Negative-211301>
  
APA:
S&P Global Ratings’ Credit Research. (). CORRECTION: Dollar General Corp. Ratings Lowered, Still on CreditWatch Negative Oct 02, 2001. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/CORRECTION-Dollar-General-Corp-Ratings-Lowered-Still-on-CreditWatch-Negative-211301>
  
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