Dollar General is refinancing its debt by increasing its revolver to $1 billion from $850 million, issuing $500 million in new 10-year senior notes, and paying down a portion of the company's existing term loan with proceeds from this bond issuance. We are raising our corporate credit rating and all issue-level ratings to 'BBB' from 'BBB-', as Dollar General continues to achieve solid operating performance, maintain strong liquidity and generate meaningful free operating cash flow. The stable outlook reflects our view that Dollar General will increase its market share in the consolidating dollar-store segment given plans to open more than 1600 new units over the next two years. NEW YORK (Standard&Poor's) Oct. 15, 2015--Standard&Poor's Ratings Services
