Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Dollar General Corp.

Dollar General Corp. Downgraded Following LBO; New Debt Ratings Assigned

Published Jun 12, 2007

537 words — Published Jun 12, 2007

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About This Report

Abstract:

NEW YORK (Standard&Poor's) June 12, 2007--Standard&Poor's Rating Services said today it lowered its ratings on Goodlettsville, Tenn.-based Dollar General Corp., including the corporate credit rating to 'B' from 'BB+'. The ratings were removed from CreditWatch. The outlook is negative. At the same time, Standard&Poor's assigned a 'B+' rating to the company's planned $2.43 billion term loan B due 2014. This rating and the '2' recovery rating indicate Standard&Poor's expectation for a substantial (70%-90%) recovery in the event of payment default. (For the complete recovery analysis, see our research report on Dollar General's senior secured debt, to be published on RatingsDirect immediately following the release of this report). Standard&Poor's also assigned

Brief Excerpt:

RESEARCH Dollar General Corp. Downgraded Following LBO; New Debt Ratings Assigned Publication date: 12-Jun-2007 NEW YORK (Standard & Poor's) June 12, 2007--Standard & Poor's Rating Services said today it lowered its ratings on Goodlettsville,...

Report Type:

Ratings Action

Ticker

Issuer

Dollar General Corp.

GICS

General Merchandise Stores (25503020)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Dollar General Corp. 'B' Corporate Credit Rating Affirmed; Term Loan B Ratings Assigned – 2007/07/03 – US$ 150.00

Research Update: Dollar General Corp. 'B' Corporate Credit Rating Affirmed;Revised Term Loan B Ratings Assigned – 2007/07/03 – US$ 225.00

Dollar General Corp. – 2007/11/19 – US$ 500.00

Summary: Dollar General Corp. – 2007/11/20 – US$ 225.00

Summary: Dollar General Corp. – 2008/03/10 – US$ 225.00

Research Update: Dollar General Corp. Downgraded After LBO; Ratings On New Financing Assigned – 2007/06/12 – US$ 225.00

Dollar General Corp. Corporate Credit Rating Cut To 'BB+'; On Watch Neg On Announced KKR Deal – 2007/03/12 – US$ 150.00

Research Update: Dollar General Corp. CCR Lowered To 'BB+' On Possible Acquisition By KKR;On Watch Negative – 2007/03/12 – US$ 225.00

Dollar General Corp. Outlook Revised To Negative; 'BBB-' Affirmed – 2006/11/29 – US$ 150.00

Research Update: Dollar General Corp. Outlook Revised To Negative From Stable; 'BBB-' Ratings Affirmed – 2006/11/29 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Dollar General Corp. Downgraded Following LBO; New Debt Ratings Assigned" Jun 12, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-Downgraded-Following-LBO-New-Debt-Ratings-Assigned-584294>

APA:	S&P Global Ratings’ Credit Research. (). Dollar General Corp. Downgraded Following LBO; New Debt Ratings Assigned Jun 12, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-Downgraded-Following-LBO-New-Debt-Ratings-Assigned-584294>

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