Dollar General Corp. 'B' Corporate Credit Rating Affirmed; Term Loan B Ratings Assigned - S&P Global Ratings’ Credit Research

Dollar General Corp. 'B' Corporate Credit Rating Affirmed; Term Loan B Ratings Assigned

Dollar General Corp. 'B' Corporate Credit Rating Affirmed; Term Loan B Ratings Assigned - S&P Global Ratings’ Credit Research
Dollar General Corp. 'B' Corporate Credit Rating Affirmed; Term Loan B Ratings Assigned
Published Jul 03, 2007
Published Jul 03, 2007
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) July 3, 2007--Standard&Poor's Rating Services said today it revised certain of its ratings on Dollar General Corp. following the company's capital structure revision in conjunction with the financing of its LBO by Kohlberg Kravis Roberts&Co. (KKR). Standard&Poor's took the following actions: Assigned a 'B+' rating to the revised $1.7 billion "first-out" term loan B. This rating, one notch above the corporate credit rating of 'B' on Dollar General, and the '2' recovery rating indicate our expectation for a substantial (70%-90%) recovery in the event of payment default. Assigned a 'CCC+' rating to the revised $600 million "first-loss" term loan B. This rating, two notches below the company's corporate credit

  
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Ratings Action

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Issuer
GICS
General Merchandise Stores (25503020)
Sector
Global Issuers , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Dollar General Corp. 'B' Corporate Credit Rating Affirmed; Term Loan B Ratings Assigned" Jul 03, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-B-Corporate-Credit-Rating-Affirmed-Term-Loan-B-Ratings-Assigned-588720>
  
APA:
S&P Global Ratings’ Credit Research. (). Dollar General Corp. 'B' Corporate Credit Rating Affirmed; Term Loan B Ratings Assigned Jul 03, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-B-Corporate-Credit-Rating-Affirmed-Term-Loan-B-Ratings-Assigned-588720>
  
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