NEW YORK (Standard&Poor's) June 27, 2012--Standard&Poor's Ratings Services said today that it assigned a 'BB+' issue-level rating to Dollar General Corp.'s proposed $450 million unsecured notes due 2017. The company plans to use the proceeds of this debt offering to refinance all $451 million of its subordinated notes due 2017. We rate the proposed unsecured notes one notch below our 'BBB-' corporate credit rating on the company because of the substantial amount of priority debt on the capital structure. Priority debt includes about $1.96 billion of senior secured term loans and $585 million outstanding under its asset-based revolving credit facility as of May 4, 2012. The 'BBB-' corporate credit rating and stable outlook on Dollar General
